Hi Grace, I have an amazing DSCR lender that has no seasoning period requirement and an amazing property manager (both a lot of my clients and myself have used!).

In your opion #2, would that require you to rent a home in Seattle?

CA maybe as high with their EIR requirements that cost 250k to 500k just for the EIR reports.

That 2nd requirement is  what makes it close to basically impossible with a W2 job.

Your $80K HELOC can serve as the down payment, as most lenders require 20%-25% of total project costs upfront.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

I recently joined the forum and would like to quickly list my requirements without much ado.1.

However if you had done a warranty deed (or a special warranty deed if you still have a mortgage on it) instead, your LLC has a claim against you for the issue on the title, and you in turn can go back to your initial title insurance to fix it.Some title insurance will allow to transfer the coverage to an LLC that you own 100%, but not all of them do or they may require an additional fee.

., mortgage interest and property taxes) requires careful allocation.

Are you looking at properties that only need "cosmetic" rehab or are you open to deals that require more rehab?