If we could afford the price point in our local market we would stay in the Southern California market but its simply too expensive. 

This is my first property not in my state and first one I attempted to refinance into a STR/LTR. 

This would be very much like a borrower having the property rented at break even.So in short, a LO simply saying "he wouldn't finance" without running full credit and verifying income would be short sighted, in my opinion.July 3, 2022To Whom It May Concern,On November 14th, 2018 one of our holding LLCs, [LLC Name Redacted], entered into an agreement for sale on the property at [Address Redacted].

PM isn't a great place to simply save money- it's a 24/7 job and there's huge liability if you don't know what you are doing.

Or are you able to stick to your guns and simply tell the tenant, tough crap, the lease is the lease.

To put it simply, I’ve been told that I do not have enough skin in the game myself in order to cash out some equity.We bought the seller financed with only a $30,000 down payment.

Sadly, many want the agreement in place BEFORE they have shown a property or did anything other than attempting to add me to an automated search.  

If the LLC doesn’t file it’s own taxes you can simply buy in your own names. 

If you ask a seasoned investor if they say they know it all they are full of it - you are constantly learning and there are always new situations that people go through that others can use as a learning experience One simply needs to go into their real estate attorneys law library and look at volume after volume of law books to understand NO ONE knows it all or even remotely close..

Per the listing agent, the additions/changes were way before this seller and he simply just spruced it up.