The inspection came back with some dry rot issues along with water intrusion effecting the siding and may need a full residing / recladding of the building. 

While the water issue may be able to be solved, keep looking for a dry property.

Hey MarkSince April this year when the Fannie Mae lender letter came out restricting correspondent investor portfolios to 7% of their total portfolio, lenders have increased rates to stem the flow of investor loans, but DSCR lenders have held fast on pricing (or even improved it) creating an odd scenario where a loan with significantly less documentation is priced as good or better than one backed by a GSE.You can do the DSCR loans either in your LLC or not.FoAC is really backed up right now, but there are others that are not with similar or better pricing.Get yourself a good mortgage broker that does these loans and they can point you in the right direction.Stephanie 

My issue with the control stems from a few examples:1) Real Estate - So far all real estate investing that I have done has involved SF long term rentals/vacation rentals under my own LLCs with my own funding. 

Tenant will immediately act to identify and remove/clean up the source of any such odors and to ventilate the rental unit or otherwise remove the foul odor upon discovery of it.General --Walls: should be clean, free of dirt, grease, holes, cobwebs, and fingerprints.Floors: should be clean, clear, dry and free of hazards.Windows: should be clean and not nailed shut.

I like the Smartcore from Lowe's - 100% vinyl so it goes anywhere wet or dry, already has underlayment attached, good wear layer (12 mil or higher), good realistic look for flooring.

Idt it’s cut n dry even though the numbers kinda say that it is.

We can't take a house nor the money with us when we leave this planet and as long as I have one meal a day and a dry cardboard box to sleep in I don't worry about material things nor money.

My hesitation stems from just wanted the flexibility to sell or refi if needed to pull money out for any future projects.

Have a similar situation with an add on bathroom dry rot in walls at some point will tear room off.