You want to be able to demonstrate that your intent in purchasing, subdividing, and improving was to hold for investment use. 

You don’t want your lender to go out of business while still holding your construction escrow funds.Can you provide me with the contact info of some recent borrowers?

We did this because initially we were just going to build/sell, but I would rather hold on to it.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

@Jim Rice we already hold a group like that. 

Given the lack of activity / buyers in the market at this time with rates, would you reccomend holding and renting it until the market is better to sell in? 

I really advise doing everything you can to be on the same side as your residents and to be aligned with them, but some of them may not hold up their end of the bargain.

Investment Info:Large multi-family (5+ units) buy & hold investment in Bryan.

PM's will keep all late fees, they hold the security deposits so they collect all the interest on security deposits. 

Account Closed It will only show on your credit report if the person who is holding the notes goes to a servicing company so it is recorded.