Another work around that isn’t discussed much is working on a strategy with your insurance company to protect your other assets in the event of a claim.But also, it wouldn’t be a bad idea to consider getting the financing into your LLc name with a community bank and pulling cash out if you have substantial equity.Right now, since the loan is in your name, it shows up on your personal credit report.  

Hire a property management company who will manage it for you.

You have to make sure that whatever company you choose will maximize your profits. 

Stop reading if you want.2) I couldn’t guess what “There is a 6 months of grace period before interest payment begins” means.3) They call their $3555 charge a “Loan Fee,” stated a few lines up as 2%. 2% of $235,000 (loan amount) is $4470.4) Do you seriously believe the loan fee, “… IS 100% REFUNDABLE IF THERE IS ANY DEFAULT FROM THEPART OF THE LENDER OR IF THE BORROWER CHOOSES TO TERMINATE THE LOAN.”5) It’s okay to pay an appraiser directly.

But the deposits did go to an escrow company, not directly to the seller.

I'm curious why you want a HELOC instead of a conventional loan in the first position.

Hi @Justice JacobsI do have specific questions. 1) How do you structure the company?

One of the LP just emailed me and said they are raising 65k to enlist help from this company.

I was just thinking today there was all this excitement about VA loan assumptions there for a while when interest rates started going up. 

I would suggest looking in Columbus Ohio for so many reasons - population growth, job growth, and companies moving here.