They will verify the numbers using the steps that they have in place to protect both you and them from a loss.

If not probably good idea to install to protect your foundation. 

Flexibility: Land contracts can offer more flexibility in terms of payment schedules and interest rates.Risks for Buyers: Lack of Protection: Buyers may have fewer legal protections than with a traditional mortgage, especially if the contract is not properly drafted.

This probably provides an adequate level of protection for Freddie.It’s a concept that is hard to swallow.

But if it’s more substantial, like protecting the floor and adding years to its lifespan, then it’s likely an improvement, which means you’d need to capitalize it unless you can use that safe harbor.

My attorney advised me and my spouse to setup separate revocable trusts for asset protection but I'm finding that some financial institutions do not allow accounts to be held in title under more than one trust.

Yes, your parents can take out a HELOC on their paid-off home to help fund your BRRRR, but it’s smart to have a contract in place to outline repayment terms and protect everyone involved.

The strong consumer protections particularly with HELOCs in this State appears to be a knock-on affect of homestead laws.  

Also, if you have a slip and fall and decide to sue your LLC, you have added liability protection.

You can exchange ideas with your agent and have him work something out with the other side through conversations but once you all agree on a plan you MUST GET IT IN WRITING so everyone is legally bound and your EMD and interest are protected.