It's not in my nature to sit and post on sites for all to see but Sabrina Ubele and John Madison deserve the praise.

Thank God we are not living those times any more.It seems that you are a  young person, so naturally, you may be comparing the rates you were recently quoted to the rates of January 2021.

To me this makes little sense if you can get subsidized loans (meaning qualifying for Fannie Mae, NOO rentals) because 1) LOCs are short term debt and rentals are typically held longer term and 2) there is no guarantee the LOC wouldn't be called due by the lender... that's the nature of credit instruments. 

There are certainly people who skirt the rules by not disclosing the nature of the downpayment money or where it comes from but it seems like your partner is doing this the right way.

I think its going to just take some time for the end buyers in the chain (the people responsible for buying the MBS through the whole process - generally banks, insurance cos, pension funds) - by nature are very conservative and slow to adopt to new things like SRO.Its a tough situation because the message a lot of times ends up being "rent it out traditionally on a single lease since thats more conservative" yet they are out of touch with investors who can only cash flow in this current environment with creative solutions such as rent by room, etc.

Personally I'm not really worried about natural disaster type issues in DFW. 

Larger real estate firms will have in-house legal departments to handle this but the truth of the matter is the actual concept and procedures are quite simple once understood and all real estate owners  would benefit from this but fail to implement the systems early on.

The procedure to build in the floodplain varies based on the jurisdiction.  

Think thats just the nature of the beast.

Should I wait to begin renovating until I am near the end of the action to quiet title procedure or would it be fine to begin work immediately?