If you’re going conventional on a second home, you might want to consider putting even more down and make sure that your debt to income ratio is <41%, and credit at or above 780, ideally, as the GSE’s just made changes to the Loan Level Pricing Adjustment (LLPA) just got even more expensive effective 05.01.2023 but most lenders will either incorporate this into their pricing or will then. 

Make sure you use a state-specific lease so that you are incorporating any specific regulations and disclosures relevant to the state you're doing business in.

https://www.mycorporation.com/learningcenter/incorporate-in-...

Handyman Jr *just* because I felt sorry for him not getting any work with his dad these days cause his dad continues to masquerade as a (licensed) contractor and quoting 'contractor' prices as if he's insured and everything, when he's not.If I do not incorporate but just wait for my contractor license to go thru (the business name they require applicants to chose on the CSLB application is in my case, simply my first and last name, as that's how I did biz in NY as a GC) do I still have to pay FTB $800/yr, and even if I dont do business my first year?

Depends on your local rules and regulations, but in the state of Virginia such a practice is perfectly lawful.PS: Do not take model legal language and incorporate it into your contract unless such language comes from an attorney. 

It might change the look of the house a lot and maybe make that front porch into a real pleasant area to spend time on, either on a glider or rocking chair or something like that.

You may have been an indoor employee with air conditioning and a comfortable chair, but sometimes the only work available is being a rough neck in the oil field or some other unpleasant type of hard work. 

Some of us cashed/tapped out in '22 and found a chair before the music stopped. 

We put Mohawk LVP in our kids bunkroom and it looks great after 7 years.You can use some wood glue on the chair bolts to keep them in place.USA made furniture with Scotchguard keeps stains to nearly zero in our case.

Also, if you are operating as a LLC, the State of your incorporation may not allow your LLC make lending a business purpose of your LLC.