Anyway, I am a us veteran how hard would it be for me to obtain a federal loan to buy a fixer property and a credit check is not as critical to rehab a property vs the banking system?

lolAs an example, the federal banking regulators, including the OCC, last issued a big written warning about CRE concentrations in December 12, 2006, when the most commonly referred-to guidance regarding CRE concentrations was written:https://www.fdic.gov/news/news/financial/2006/fil0...By then, it was too late to turn back...The only reason I would know that this announcement is not even MORE later than it should be, is if all 3 federal regulators - OCC, FDIC, & Federal Reserve - had agreed.

Insurance and federal regulations should be taken seriously.

Any bank can set up an account for a Series LLC just take your Articles of organization and Federal EIN # if you don't have one go to IRS.gov and they have an online registration or fill out IRS form SS-4 and mail or fax in.Hope this helps good luck

My rep approved all of this3.) 203k money is federally backed, so your contractor friend has to prove that he used that money for the scope that was approved otherwise he could be in some trouble.

You can probably guess which federal agency I'm with due to the area I live in since you're familiar with Uvalde.I figured I would educate myself as much as possible until I'm confident enough to take the next step.  

FHA guidelines are federal, not state.  

Tax deeds convey title to the purchaser free of all prior encumbrances (mortgage liens, judgment creditors, etc.) of any kind EXCEPT liens specified by Revenue and Taxation Code Section 3712, Lis Pendens actions and any Federal Internal Revenue Service (IRS) liens that are not discharged by the sale, even though the Tax Collector has provided proper notice to the Internal Revenue Service before that date.

@Maria Adames,Welcome to BP.while the section8 program is federal, the local jurisdictions have some slightly different (or very different) implementations.

In a BRRR strategy where you elect to hold property for 5 years, at a minimum, due to the new changes in the Federal tax code, can an S-Corp avoid built in gains taxes on properties held for a minimum of 5 years?