Originally posted by @Dave Rav:Thanks guys!  

Yes sir we just 100% refinanced...Used the same credit union who had the original debt. 

Are you aware that CA does not recognize series LLCs and charges $800 for every LLC doing business in the state? 

We originally planned for this to be a mid-term rental, but when my grandma wanted to move, we offered it to her instead for minimal cash flow.

If, still within 1 year from the original foreclosure sale, the prior owner elects to redeem the property, would they owe the 3rd party the amount that the bank bid to originally take back the property?  

Good morning “Upstate” crew,I originally posted this in the wrong thread (I think) so I’m reposting this in the Upstate NY group to better target the Binghamton area.

They originally booked for 3 months, and we agreed to a signed 3 month lease agreement. 

Unfortunately this is not as apparent and may require speaking with past borrowers but I would go with the lender with a streamlined and rationale draw process even if the underwriting/ origination process requires more of my time & completing/ turning over additional documentation.

Getting back to the original posters question an attorney should be drafting the operating agreement but its beneficial to have an accountant weigh in on tax matters.

@Linda West it is United Wholesale Mortgage, which you gain access to through a mortgage broker.To answer your original question, I like Navy Federal for the long draw period of 20 years, followed by repayment period.