The features and characteristics of an LLC including which state law applies is determined by which state the LLC was created in,  If talking about Holding companies proper, you would need to first incorporate the out of state operating subsidiary in Wyoming (Wyoming sub) and then also register the Wyoming sub as a foreign LLC in whichever state where it operates outside of Wyoming.  

or an LTV max... whichever is lower.  

They can connect you with lenders, insurance companies, PMs and inspectors, your team in which ever state you decide to invest in with them is set. 

Nick Belsky...if you want to use the purchase price or appraised value, whichever is lower right? 

QuickBooks Online (Plus edition) and QuickBooks Desktop (Premier Edition).Whichever software you get make sure you can pull a report Balance Sheet by Property (Class).

If you purchased the investment property with a loan, then conventional loans will require you to wait 12 month to take cash out (this used to be "only" 6 months...so they have changed this recently to limit their own exposure here).This rule does not apply if you purchased the home with CASH.If you buy a property with cash (or with a HELOC) you can receive a cash out loan on Day 1.There is not a 12 month waiting period with receiving a cash out loan if you purchased a home with cash or with a HELOCBUT you will be limited to the amount of….Your purchase price + closing costs (costs when you purchased the home)OR75% of the “After Repair Value”…WHICHEVER IS THE LOWER AMOUNT (super important)Where it gets tricky is when you go to a "conventional" lender and they say something different than what's above. 

Whichever one is closest to the property.

They will aks you for employment information and collect recent paystub, last (2) years W2 or (2) years 1099's whichever you have and if you own a business they will want to see most recent or last (2) years 1040's and 1120's business returns if you have or file them.If you own a primary home you can do a cash out refinance and borrow the cash from the equity of your home or take out a HELOC. 

If you intend to pay 10% of money the contractor invests in your project, then simply do a 2nd trust deed (behind the purchase loan) at 10% for the term you both agree to with a balloon payment rider (this is for no payments during loan but one lump sum balloon payment at sale or end of term, whichever comes first).

We are a tax deed state and when the property is sold at auction, if there is a balance, it is forwarded to the previous owner of the property, or the bank, whichever is entitled to the money.