W-2 status isn’t a choice—the IRS determines it based on work conditions.

I do not borrow money for the EMD.

Long-term rentals are a solid choice, but mid-term rentals in medical hubs (like yours) can offer strong cash flow with less turnover. 

We have some decisions to make and this info definitely narrows down our choices.

Later you can transition it into a full time investment rental down the road by doing a refinance and lowering the rate at the same time.There are renovation loans out there that also allow you to borrower over a 8-10 year term to cover the renovations and again refinance to consolidate the reno loan when the ARV increases.

I’m looking to go all-in on theming, similar to the level of detail you have put into yours.I’ve personally enjoyed staying at Windsor Hills in the past, but removing my bias from the decision to ensure I make the best investment choice.

I agree, it could be possible but I have yet to see a deal that really works when the borrower is borrowing 100% financing on a deal as the lender is going to have much higher rates and default rates.

FNMA does have limited allowances if the LLC is whole owned by the borrower. https://servicing-guide.fanniemae.com/svc/d1-4.1-02/allowabl...There's really only three reasons to put your SFR properties under an LLC:1) A DSCR lender requires it: just setup the LLC correctly.2) Anonymity: In Michigan, you can create an LLC with a Registered Agent and use their address to hide your ownership. - Have seen many investors create their own LLC and use their name & address:(- Only works if you put a property in LLC when you purchase.

When you draw from the equity, you are "borrowing" it from the bank and have to pay interest.If you borrow against the equity at 7% interest and then loan it out at 15% interest, you are earning a positive 8%. 

Drop your choice in the comments and share your reasoning!