Ideally, I'd like all my rental properties to be owned by my LLC.I'm confident I can raise the funds through a cash-out refi on my personal property to obtain my next rental property, but when it comes to a refi on the rental after rehabbing it, will that have to be another commercial loan since I want it owned by my LLC? 

Make sure your vet the HM lender and get references and ask to see pass deals they have done and if the HM lender gives you that I cannot show you pass deals because it is confidential you need to run.Joe Gore

If you want to keep this information confidential, then you should do a double close.

I've watched a bunch of videos on the subject and I'm pretty confident I under stand the process. 

All being highly confidential, goes without saying, but I did.You can ask your broker too if he has ant partial notes, buying just the next 12 months of payments or any annuity portion of the term, might just buy the balloon payment at the end for a hamburger today (LOL).Joe, people only have to read your past posts to understand you, that would be like putting the fox in charge of watching the hen house.....teach bankers, LOL, Joe even claimed he taught me everything about notes in a post, so for those who don't know, this is a public forum where anything can be said.   

Saw this deal come up today.3BR 1BA CondoPurchase Price: 65kTaxes:$4,406.00CC:$182.00Repairs: 3k (looks in excellent condition but minor updates needed)Confident I can rent in 30 days for $1,500.00 a month after looking at comps.Came up with a cap rate around 16% w/ 900+ in cash flow.Do not believe there are any current assessments in the complex.

They are to put their seal, their license number on the note and deed of trust/mortgage, and HUD, that's all.Notice of the deal being underwritten is by the LMO # name, address, the seal is like an old ink stamp like a notary or I guess they could squeeze an impression on, but the number needs to be on the documents.What people make is highly confidential in any type of lending, saying it again, in any type lending, highly confidential and personal.Big problem, I have no idea at all where all these people have decided that they need to become Dodd-Frank and SAFE Act attorneys-at-law, self proclaimed experts on financial regulatory matters or financing underwriters.

It might be good if you simply distance yourself from that processor in your office giving the impression of a highly confidential qualification process that is not "shared" by those on the sales side or other team players I might deal with, you'll find this somewhat in a Trust Bank where minimum verifications are necessary.

This may change depending on how confident I am after having done this for a while though.Just doing some very quick and basic research, it seems that around 5-6% cap rate is around the norm for Nanaimo.

When you get the contract and have some more details feel free to ask for more help here (barring sharing information which my be considered confidential).The trust itself also needs to be looked at.