If you're living in it now, you'll probably be required to have a signed lease in place as well as proof that first month's rent/security deposit were collected in order to get a DSCR loan (they're business purpose loans and don't allow owner occupancy).

Here are some additional tips:Business Bank Account: Open a dedicated business bank account to manage income and expenses separately from personal funds.D-U-N-S Number: Register your business with Dun & Bradstreet to establish a business credit profile.

The builder’s risk insurance can also provide coverage for lost rental income or loss because of business interruption.

You’ll need an expert like @Dave Foster in rewards to doing a 1031 for your business.

The Importance of Honesty and Ethics in Private Money LendingAs a private money broker, I am in business to earn a living, but profit should never come at the expense of honesty and integrity.

., you, your spouse, family members, or certain business entities tied to you).

There is a saying in business, "If you're sitting at the poker table for more than 15 minutes and you don't know who the patsy is, you're the patsy."

If you ask anyone in this business, note servicing is the Achilles heel and it is extremely difficult starting one from scratch. 

But we’ve found that while they still stay quite busy they can always manage to come pretty quickly in an emergency.

Deposits from the tenant.Security deposits from the tenant in residential dwelling units shall be deposited in a trust account with a licensed and federally insured depository institution lawfully doing business in this State or the landlord may, at his option, furnish a bond from an insurance company licensed to do business in North Carolina.