I can see my attorney (in pit bull fashion) asking the underwriter for the specific section of the FNMA guide that identifies this as an issue... good to have an attorney that specializes in real estate law...

But it all seriousness this comes from none other than good old fashion networking.

Closing costs do not scale up and down in a linear fashion with purchase price.

I did the old fashioned face to face kitchen table talk and that what worked.

If you purchased during the extended/Investor period there are no restrictions at all and you can sell at any time in any fashion you deem90 day deed restriction in for FNMA purchases90 Day rule is if you were selling to an FHA buyer

Based on your portfolio you should have a great case just to get loans in whatever fashion you need.  

I do want to get something in writing that says that the tenant will not be reimbursed in any form or fashion for his half of the cost. 

@Ryan@Ryan Phillips - for calculating the ARV probably THE most accurate way is to have access to the MLS - either via yourself if you are a real estate agent or by hooking up with an agent in some fashion (family member an agent?

I too am curious how the LLC and conventional loan scenario is supposed to work in a streamlined fashion for BRRRR...

The terms you agree on will then be memorialized in your agreement in some fashion.