Ensure that your letter conforms properly.Additionally, be aware of triggering a request for relief from the Borrower and what that will mean for the manner in which you deal with their situation.  

Sounds like that would conform to the ordinance and allow increases. 

You cant walk into a big bank and get a loan done this way because they only want to write "conforming" loans.  

However, that makes it even more difficult with the CA $800 annual fee and the LLC will NOT be eligible for conforming residential loans.Make sure you realize how the profits/losses will be split amongst the three of you. 

But keep in mind, non QM loans such as DSCR, bank statement, asset qualifying, all require at least 20% down due to the risk of the loan because we do not take income docs/tax returns into consideration as well as a higher interest (usually 1% higher than your typical conforming loan). 

A tight money market, a non conforming property, a high risk deal, a borrower with a bad credit record, etc.

Basements shall not be used for sleeping purposes unless they conform to the specifications of this code and the required minimum window area is entirely above the grade of the ground adjoining.

I may be able to get a conforming 30yr loan in my name but don't know what the process would be to transfer it to the LLC.

It's not really an expensing election, more of a book conformity election.DMSH involves a tax concept called "units of property" and not necessarily line items on an invoice.It also can't be used for inventoriable property. 

This allows me to keep my paperwork fresh, add any changes I need or to use an updated lease that conforms to ever changing state and federal laws.