I am sure every state is a little different or have nuances but for sure as Greg mentioned materialmen can file a lien and then just wait.. the other thing they can do is a court action for unjust enrichment claims.. those are the two ways Materialmen protect their interest at least out here on the Left coast.. 

House hacking with two children can be tougher than expected because you will always need to take a larger or the largest unit which will reduce your cash flow on the property even more.

However, if you put 20% down and but TWO properties at $100k each and they appreciate to $200k, then you have profited $200k by using the same money!!!

Not sure, from what you're writing, what the benefit to the borrower was in refinancing, but there had to be something; cash out and lower rate are two that come to mind. 

Actually, it is best two talk with two different attorneys.  

Real Estate Professional status and Trade/Business are two completely separate issues. 

Two weeks later, the client locked down a deal that appraised well above their initial projections.If you’re serious about pushing your boundaries..maybe setting your sights on Chicago’s undervalued neighborhoods or San Antonio’s quieter pockets..let’s talk.

The LTV ratio must be:75% or less, if the seasoning of the mortgage loan is between two and five years.80% or less, if the seasoning of the mortgage loan is greater than five years.Hope this helps! 

As I've compared the two, I feel that the Fannie Mae Homestyle product is an easier process.

For illustration purposes, two identical homes on the same block with a FMV of $100K are listed.