Last year I paid cash for an 8 unit value add that initially wouldn’t qualify for financing.

Should I get a new LLC, or is my current LLC ok to qualify for a business purpose loan for this restaurant? 

If they had required landlord history to use rental income above just offsetting the payment and rental income resulted in qualifying dti I guess, but that would not be a common scenario when using long term rental income.

While I strongly prefer not to use this type of product, it can be useful when a property is too "gunky" to qualify for a 30-year fixed-rate loan.

A Reg A+ was $100k when I did it a few years ago and today I would say to add atleast $50k because the SEC appears to have hired additional staff and they are not only reviewing new offerings but reviewing existing offerings that were previously qualified and coming back with a lot of comments.

.- when a lender is calculating the rental income to use for qualifying income - depriciation is normally a line item that can be added back 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

You will certainly run into challenges that you did not anticipate and it is great to have a responsive and helpful lender partner.Naturally you will want to find a product with competitive pricing and leverage, though keep in mind first time investors do not always qualify for the lowest pricing.

I'm so sick of dumping money into this place that has underperformed so much.I'd consider a short sale, but my credit would take a hit for over seven years, and I'm likely in too good a financial state to qualify for one.

For income reasons, you can qualify with a non contingent offer letter (salary position) before you start working.