Potential ChallengesPrepayment Penalties: Check your FHA loan terms for any prepayment penalties or fees for refinancing before a year.Appraisal Risks: Ensure your property’s renovations are well-documented to support the higher valuation needed to pull equity.Lender Requirements: Commercial lenders may scrutinize your LLC’s financials and operational track record.

2.WHAT OTHER DOCUMENTS SHOULD I ASK THE HOMEOWNER TO SIGN?

What documentation will you require at closing?

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

So creating all these funky financials is great, but if you are using those in a presentation that information should be in the PPM or an official document as if someone is making a decision based on that - it can come back to bite them.

Since most properties on the market here have inspections and a disclosure packet up front, it will be difficult to get those documents without MLS access. 

I had a few tenants e-sign 6 documents with multiple pages in a couple minutes and realized they did not read any of it! 

But I was also sent a document stating that a county housing assistance program was guaranteeing the tenants security deposit (which was accepted by the current landlord) but not for the full lease term because the tenant is no longer receiving assistance and that the guarantee would only be until 2/2025. 

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

When ever I had gotten too persistent about sending photos, he would change the subject or find a reason why he couldnt document the progress.