I am not looking for a discussion on how those risks should be interpreted by me--I am quite capable of deciding whether I need to pursue that on my own.  

I interpret this to mean that even if I don't use the HELOC I will have to pay $100/mo. unless the interest on my draw plus any fees exceeds 100 dollars. 

My interpretation was that the tax lien would follow the individual owner, and not attach to the property.

Hello BP community. I will hopefully soon be leasing a SFH in Texas. I'm preparing a lease agreement and curious to know what number you would put in the section below if, for example, rent is considered late after th...

Is that why they are calling it out of is it a poor code interpretation by the inspector?

@Clayton Mobley, debt that is not interpreted as an attempt to inappropriately access gain would not put limitations on @Jon Kampens ability to move out, convert the primary residence to investment and later 1031 that into other assets if that's what he wants to do.  

If there is a law suit, then the trust would be revoked and you would need to file the foreign entity fee.As far as the lack of case law against the Series LLC - generally there is a lot of case law regarding laws that have not been written clearly, or there is a lot of room for interpretation.

The difference between a duplex+ADU versus a triplex is the ADU is retrofitting another unit inside or more likely a separate detached option so you can have two buildings on the same lot (but not R1 and R1A for non owner occupied at this point)  This is a change in interpretation from some of the initial owner occupied ADU's that were legalized for owner occupied conversions early on.

My interpretation is: learn the technicalities of the financial model and see to it there are improvements in the model over time before you step away and pass it along to a hire or outsourced professional.

@Cameron SkinnerI had to reread your post a couple of times, and want to be sure I interpreted it correctly - did you mean that the OP's improvements will end up allowing for larger depreciation deductions once he starts to rent out that unit?