I personally think that 2-3 months is reasonable if you have a competent lawyer, act right away and have tenants who aren't slick enough to find more loopholes.

I’ve been reading Loopholes of Real Estate and got worried when I heard a few states (like Florida) can still go after the owner in a lawsuit against the entity in a smllc since they see it as only one persons asset.

Those without legal training need to stop looking for loopholes in the words and understand the intent, it will be more to your intent as to how you will be judged. :)

Secured loans are fine, provided your DTI can take the hit. 2nd mortgages are the most common implementation of this loophole: "It's NOT a gift, it's a second mortgage on ANOTHER property I own, secured with a formal note and deed of trust recorded at the county, at 3%, interest only, with a balloon payment due in 30 years.

After checking the definition of subletting I believe I found a loophole here.

Every politician creates loopholes and deductions for themselves and their friends to avoid tax.

But let me share some loopholes...1 - If your residential rental is not 5+ unit or more, then you're going to have a hard time justifying a large bump in value within a short period of time.

Second FHA Loan question. I currently have a FHA loan from 2 years ago for my home in Michigan. In the past year I switched jobs and started working for a Corporation in Phoenix Arizona.

Will I be able to qualify for...

Those that do respond will try to find a loophole to decline your  claim like not doing adequate annual maintenance on your HVAC.

There is an extended section on this in Garrett Sutton's Loopholes Of Real Estate book.