I have an ITIN though.We've completed 2 ground up SFR in the US, I've done 2 myself in Spain and 1 in Sweden prior, and my business partner 5 projects in Sweden.

You can compare the interest rate and qualified loan amount to the 401k loan. 

I picked it up for $138K, with about $30K in needed renovations.

Congrats n tskkkg the leap! 

How’d the numbers stack up after fees and custodian costs?

Most people bring their own.We also have a bin of razors, q-tips, cotton balls and even a bunch of contact lens cases in the master bath.

Also, as I build up my credibility as a builder, what is the best financing structure I should be asking for from a bank?

Another question:This pertains to the above commercial property.If a partner in an LLC dies, does the basis step up for a surviving spouse or other heirs?

To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.

All the other real estate in my businesses are counted as assets minus the debt liabilities for net worth purposes and the business income that comes to me is counted as part of my personal income.