Hi Angus, A cash-out refinance is typically not considered a taxable event for businesses since the borrowed funds are regarded as liabilities owed to the lender.

I have my own properties throughout the area, and have worked with many contractors, PMs, lenders, insurers and attorneys that I can recommend.

Hitting local meetups is smart—Tampa has a great investor community where you can connect with wholesalers and lenders.

When we purchased our laundromat, it had a strong brand and positive reviews online.

I do not have a traditional W2 job so I can't pursue the typical conventional loan or a FHA since I don't have income (hence the DSCR route).However, I've seen that most DSCR lenders do not lend if the loan amount is less than $100K.

be sure to stick to your 70% rule for the flip, know your numbers. run everything conservatively. overbudget for time and costs but 15-20% Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Lenders are always reminded to say "I'm not an attorney...." when they relay anything.

I just completed a small subdivision myself - just a word of advice that if you do sell any of these you'll need a release of mortgage from your current lender to do so.

You should connect with a lender like @Jose Valdovinos who might be able to help you sort through this.

After reviewing your application, we’ve determined that, unfortunately, we are unable to move forward with your application at this time, as it does not meet our established criteria for income and (other established criteria) We appreciate the time you took to apply and wish you the best of luck in your continued search for a home.