Stepping into a house and listening to the investor talk about what they did to acquire it and what their BRRRR or Flip plans are was the icing on the cake.Just my $0.02.

@Marisa Voelkel, Do you anticipate any issues acquiring loans for a new property under the new LLC structure?

A good lender will be able to use this.Andrew: my guess is you have acquired many Sub2 properties thru the years: what if we have a list of those "good lenders" : we should be able to steer their way our sellers that are in need to get a new loan when they decide to purchase a new car or house for any loan needs: does that make sense and if it does can anyone recommend those type of 2.0 level lenders 

And there are those who can source and acquire property of their own, good for them.

Yes, your cash flow on the Farmington property will take a hit, but you're leveraging that equity to potentially acquire two more properties.

My question is, if I acquire a property via a DSCR loan on my own, does my spouse have any ownership?

Nevertheless, if out-of-state investing is viable for you, vet your team accordingly, especially if you intend to acquire a property that needs work.

The reason is that the replacement property was acquired by a "different taxpayer." 

In most cases they will try and help where they can.Not saying this is right or wrong but I had a similar situation with a property and after getting past the underwriting and securing it I went to the city (Atlanta) and said I just acquired the property, realized it was a quad that was converted from a duplex sometime in the distant past but the building was still zoned as a duplex and wanted to go through the process of having it moved to a quad.

In the past we've used a property manager, but this will be the first time that we are managing our property and having to go though the process of acquiring a new tenant.