Quote from @Michael Smythe: @Zehua Zhou usually, your 401k will lend funds to your LLC.In that case, you would give a PMC the LLC EIN.You really should get advice from a tax professional.Michael, what you are proposing is a "prohibited transaction" defined by the IRS. 401k would be prohibited from lending funds to the account owner's LLC.  

My advise is to start with single family or a small multi-family ground up project first but this market environment is truthfully not the time to be completing any ground up projects unless you are self performing the construction which it doesn't appear you are in a position to do.There was a recent Philadelphia  forum chain started by someone else who was contemplating ground up in a similar fashion to what you are proposing and I cautioned they would be better off buying something that was newly built and believe after conducting their own diligence realized it was too cost prohibitive at this time to build with 3rd party GC's in Philadelphia when also accounting for the interest rate environment and cost to build.

@Leah MillerTypically no - condo bylaws and zoning regulations typically do not allow to segment a units potential exists to possibly combine units (which can be cost prohibitive as you need board approval and potential building code issues) but I have never seen a condo building allow someone to subdivide a unit

Unfortunately, this is no longer available in SC because of a new law prohibiting the use of public data for marketing.Luckily there are some new motivated seller lists that don't rely on this public data that are doing well for investors.

One of the key changes includes prohibiting the disclosure of buyer's agent compensation through the MLS and requiring agents to enter into written representation agreements with buyers.These changes are set to go into effect sometime in August, and I’m curious about how other agents and investors are preparing for this shift.

If what is there when they give you property back is good, no harm no foul.In the future, your lease should strictly prohibit animals that are not on the lease (which should already be in your lease).

I have no problem getting the loan and best terms I can get, it just prohibits me scaling.For all of you who have been doing this for years, how did you find PML's.

Does the 1st mortgage prohibit junior financing.

While a few homeowners associations in Galveston prohibit STRs, they are largely permissible.

Current zoning would prohibit the whole setup actually, but the building and commercial use are allowed to continue as-is because they predate the town's incorporation in 1993.