Once they are approved, they sign the lease and accept personal responsibility on behalf of the company.

So, I’d dig into the numbers before making a call.Local zoning and code regulations: Converting a multi-family property to a single-family unit might require permits or specific approvals, so check with your local building authority to avoid surprises.

What is the legal maximum allowed amount for a down payment (%) on rehab projects?

Do not rely on it for legal advice.

I’m based in the NY/NJ area, and I’m exploring a few different options:1.Bank Loan – I know banks usually require steady income to approve a mortgage, but would a large down payment (maybe 20-30%) and good credit be enough to get approved?

To answer your question about suing, I'd start at your legal docs.

An LLC is useful for two things: anonymity and legal protection.

I responded with a legal notice saying that I cannot be left vulnerable for legal reasons to someone doing structural repairs on my home, because in the event they are hurt, I can be sued.

To get pre-approved for financing, consider factors like neighborhood demand, cash flow, financing options, and long-term vision.Good luck!

It doesn't provide as much protection as most people think, it's not as easy as they think, protection isn't as necessary as you think, and it may actually hurt you by complicating your life.An LLC is useful for two things: anonymity and legal protection.