@John K.

Originally posted by @Jim K.

My name is John K.

@Jim K. no one huh?

However if the LLC is a partnership for income tax purposes, then the LLC will have to track your built-in gain separately and account for this when doing the allocations / preparing the K-1s, which can get very complex. 

Scenario A (typical) - $500k duplex-$125k down-$375k mortgage at 4.6%Scenario B (modular financing) - $500k duplex-$125k down-$260k mortgage at 4.6%-$75k HELOC on primary residence-$40k loan against 401(k) (technically this would be $165k down, but you get the point)In scenario A, paying off the mortgage quickly makes zero improvement on cashflow until you pay it off completely, or refinance, and there's no point in that if your rate is locked in lower than current(or future) market rates.Scenario B could involve higher interest rates on the HELOC and the 401k loan, but you have multiple, simple, easy options for increasing your cashflow, and then you don't end up playing as much in the overpriced, volatile stock market.

Unless of course you're iron deficient :D :D

Case 2,  ill have to spend a bunch of money only to have a lot worth 10-15k instead of 30-40 k  when its all said and done. 

Even if I am not in your market, I can work remotely, and would sincerely appreciate any advice as it relates to partnerships, analyzing markets, or the technicalities of using a LLC and of FHA 203(k) loans.THANKS!

Originally posted by @Lucky K.