Essentially, if your purchase price plus renovation costs are less than or equal to 70% ARV, then it is generally considered a good deal.

So I'm looking for some advice, settle in this is a long one.I was lucky to pick up two house in Grand Rapids a few years ago before prices shot through the roofHouse 1 has a 43k note and could be sold for 120K (I've lived in it more than two years with in a 5 year period so I can get out of the capital gains tax) leaving 77K in equality, but the house is currently nets $700 a month in rent.House 2 is right next door, has a 53k Note on it and could sell for 110k, leaving me with 45k after capital gains tax.

But, with conventional lenders it’s probably equally hard to get funding in an LLC.

The trick is finding an equalizer or something that allows you to compete with theses types of players.

My offer was just accepted on a duplex and being a first time home buyer AND house hacker, I'm equally excited and as nervous as a long-tailed cat in a room full of rocking chairs but I digress.

Then the portion of actual HOA minus water equals $415 (640-225=415) which is not bad.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

You can not increase the return on your cash without devaluing the income on the property.A investor that does not deduct a return off the top of their rental income, equal to the opportunity value of cash,  prior to any other expenses places a value on their cash investment as a income stream at zero.

Once the project has been completed, the profits from this project will be split equally between the 3 LLC's.How do I go about setting this up to protect the interest of each LLC?

As a rule of thumb you need 3-6 months of debt payments as post closing liquidity (cash on hand) and a net worth equal to the loan amount.