Are there exceptions/exemptions?

Your son would be the initial minority holder.Have your lawyer set up a strong operating agreement that will not only provide asset protection but also keep your son as a non decision maker even if his shares interest increase in the holding LLC, making you the one in control.Every year, gift tax free to your son more interest in the holding LLC (up to the gift tax exemption fair market value).This holding LLC will file a 1065 and issue a K1 to all members.

People with good credit are rewarded with same.a little off topic but when i was activly HML in Mississippi I had a pretty significant LOC with Trustmark .. and when talking to my banker there he told me they really focused on the medical profession.. providing all the capital for those folks to buy their homes with minimal down include the furniture and cars etc etc.. i could not figure out how these under 40 doctors were living in million dollar homes with 300k in toys :)  the banker said once we have these doctors as clients we have them for life and their entire banking needs.My personal banker in Oregon their bank really goes after Dentists .. and they do the same thing.  

I’d recommend using your spouses for the second purchase so that, if not exempt, your VA funding fees will only be 2.15% for first-time use each time instead of bumping up to 3.3% for subsequent uses. 

Financially it probably makes sense to sign a lease with these applicants rather than leave the property vacant for an unknown period, even if it means not collecting pet rent or additional deposit.My question is: Would you push the issue for the "service dogs" and make the applicants provide a letter from a medical professional? 

You might benefit more from looking at the experiences and investing habits of high function professionals like medical professionals, professional athletes and successful business folk in other time demanding fields.  

Medical is a good example as is Real Estate ( I just leased some space to a real estate brokerage).Once you get office leased it is much nicer than MF.

Hello Everyone,I have a house under contract and was reviewing best practices for LLC's and conventional financing. My mortgage broker shared this information with me and I thought I would share:http://workshopmortgag...

Real Estate Investing is all fun and games until you need medical insurance. 

As this is going to be my residence for the first 1-2 years, I will be going after homestead exemptions etc.