Purchase price: $241,000 Cash invested: $20,000 Turn-key investment property, with some Capex work including updated roof and lite plumbing fixes.

@Roshan K.Ya I know it looks sketchy and defeats the purpose of the LLC but I figure if I kept the funds seperate and can prove that they were used for business purposes only it wouldn't be so bad as a temporary fix.

Model the performance of the property.

Whether it be a fix-and-flip loan or a 30-year fixed DSCR loan, nearly all of the clients that I work with will opt for closing in the name of an LLC.As you may know, closing in the name of an LLC prevents the loan from reporting on your personal credit as a tradeline (unless you default on the loan).

I was a new home builder, fix & flip guy and landlord for over 20 years before becoming a full time lender in 2019.

That’s a great spot to be in.Easiest fix?

For many homeowners, particularly the elderly and those on fixed incomes, this cap can provide much-needed relief from what has been described as a “backdoor tax increase” due to rising property valuations [5].Long-Term Benefits and Potential DrawbacksWhile the immediate benefits for current homeowners are clear, there are several long-term implications and potential drawbacks to consider.

Oh, one more thing to be wary of, section 8 contracts states that if you have long running issue and not fixing it, not only can they stop the rent payment for that unit, but for every unit in that property.and another one. 

I am looking into other ways to get into this since I have found MHs to fix up but now have no land to put them on.

Anthony id take your offer on meeting new contractors man are you looking to do more fix and flips?