Be mindful that there are rules that the lenders want you to check off.Furthermore, there are other rules on the tax side where you want to normally be under to get the most tax benefits.The magic number in both instances is '14 days'Lenders want you to stay atleast 14 days to meet the secondary home requirement.The tax accountant normally wants you to stay less than 14 days or 10% of the days it was used as a rental to treat it as a rental and not as a personal residence.Best of luck!

It is very time consuming to get permit approvals and you may be in a position where you need to extend, pay fees, etc.. when your loan is past due.   

Fund and Grow does ding your personal credit, and those inquiries will be asked about by the mortgage underwriter. 

I am interested in some in-person or virtual connections for anyone in the GR area.

FYI - not legal advice.If it's not a formal assumption and it's a straight sub-to, typically the seller remain personally liable for the debt if the investor defaults.Essentially, what can the investor do better than the seller after refinancing the property? 

I'm willing to help this person in any way I can.

Is this really the person with qualifications to provide a review? 

Sometimes, buying an existing property can be more cost-effective and less time-consuming and maybe require slightly less permits, etc. 

Personally, I would never open a Series LLC in the State of Illinois.

However, because I am unable to make trips to scout locations or look at homes in person.