I do have a house that is 4:1, but it works due to peoples schedules and mostly male occupants.Padsplit manages the member acquisition and rent collection and I do the rest. 

Feel free to send me your preferred contact details or schedule a time that works for you.Looking forward to connect! 

the property’s rehabilitation is scheduled for completion in 2025 and the rent will subsequently increase, can I proceed with a cash-out refinance based on the current rent roll?

Since I posted yesterday, Delta responded to my email and confirmed my lot has been scraped and this is in line with the schedule they previously submitted so things are moving along.

Luckily I have a good relationship with another concrete guy and he squeezed me into his schedule the following week.

If you don't have an entity, this is a Schedule C activity.

If the LLC you own shows a loss (beyond depreciation), and you are an owner of that LLC, this would carry into your personal tax returns on Schedule E, page 2 from your K1.

Traditional loans are debt—you borrow money, take on a repayment schedule, and owe interest, regardless of how the property performs.

The additional bump of money at the end comes about because you have been paying your mortgage down for a few years so you are further along in the amortization schedule which means your mortgage will be smaller than the new mortgsge and when the new buyer pays off the new mortgage, then you get the difference.

But a specialist could be helpful if you have unique situations, want to explore advanced strategies, or simply save time.Cost varies - some charge hourly, some a flat fee.I'd recommend checking the tax pro button on top of the page and scheduling a free consultation.