FHA will not allow you to close a loan within an entity it will need to be under the individuals name.As it pertains to the conventional 5% down with fannie mae or freddie mac you can do the same house hacking with only 1.5% more down.

The other concern is how long it takes for the IRS to change it's rules, or for the Feds to change the regulations on what is and isn't a Modified Endowment Contract, which would completely destroy this "Concept" - and would not surprise me at all, considering some of the proposals in the past couple of years pertaining to IRAs, 401(k)s and the 539 plan (remember when they were going to kill that one off?)

There seem to be a LOT of resources, youtube channels, courses, brokerage education, etc. for residential agency, and not even a tenth as many pertaining to commercial brokerage.

I believe it was indicated that they will no longer allow operational costs to be written off where it pertains to a STR.

In fact the readjustment of prices in the Bozeman market during that time was healthy, compared with wat happened to the rest of the country, and we rebounded very quickly.In 2008, Housing Predictor Montana Rankings had five Montana cities in the top 25 and two within the top 10 (you may recall that in January 2009, Billings ranked 3rd and Bozeman ranked 9th, placing both cities in the top 10 for US home values appreciation in 2009).Pertaining to Montana real estate prices for 2010, Housing Forecaster had Montana real estate prices dropping an average of 2.5% across Montana, with its top four cities all posting declines: Billings down 4.2%, Great Falls declining 3.6%, Missoula dropping 3.1%, and Bozeman down 2.3%. 

I would recommend A) Consulting a qualified attorney to perhaps draft some sort of Addendum to the lease specificially as it pertains to the pool usage and liability and B) Consulting your home insurance company to see if there is any additional liability coverage in case of an incident with the tenant(s) and the pool.

I would like to ask you many questions pertaining to your success, loan strategies and related nuances in the flipping process.My background is design engineering and subcontracting and although I am new to flipping SFR's, I have extensive experience in construction and property maintenance.

He stayed on top of his stuff and I stayed on top of mine, and while there was certainly stuff that we each didn't know about going on, we always knew the stuff that pertained to our role.

My husband and I both are self-employed and we need a awesome CPA to help with our taxes as it pertains to our portfolio.  

Now where i need help is info on whether or not that law pertains to Illinois residents wholesaling in general (I.E out of state deals) or just performing wholesaling in the state.