I recently just added her to my credit so she can get a little boost in her score to help more with the process and yes with the low down payment I don't expect to live rent free but one can dream for now all I care about is owning the property cashflow will come later.

@Becky Hoffman If one member of the LLC does not care to have any claim to the property as you describe why can't the partner merely be removed from the LLC.

Welcome to the community and be ready for a huge amount of information at your finger tips.

You can't expect to get the same results investors were getting in 2018.You can play with the numbers a little, but be careful.

Here’s some insight based on my experience:Question A:Since you live in California, it’s important to know that California doesn’t care where your property is located.

@Jaskanwal Preet Singh ChhabraRefinancing a converted property for coliving involves appraisal, loan types, interest rate reduction, and careful planning.

This is because the financials of the condo project will directly effect the value of the real estate as a collective, as compared to just your financial health on other types.

this is mission impossible.. although you might have some fake lenders approach you looking to steal up front money from you.. so be careful. 

Make sure to shop around for the best rates and terms.Find the Right TenantsOnce you’ve purchased the property, screen tenants carefully to ensure you find responsible individuals who will pay rent on time and take care of the unit.

Higher Fees and Costs: Cross collateral loans may come with additional fees, such as appraisal costs for each property involved, which can increase the overall cost of borrowing.In conclusion, while cross collateral loans can provide valuable opportunities for accessing larger amounts of financing and potential cost savings, they also come with considerable risks and complexities that borrowers must carefully consider.