The point I was trying to get across is lenders incorporate different project cost line items into their LTC and the lender who advertises the higher LTC, may not actually be the lender who provides the best leverage depending on what portion of the transaction is financed.

Big Bear City is also an unincorporated area of San Bernardino County while Big Bear Lake is an incorporated city and both Joshua Tree and Big Bear City are eligible for stays under 30 days.

Not always able to be incorporated on properties that are highly competitive. 

But should be incorporated into your overall asset protection plan, usually through transfer on death agreements.

GF is an incorporated city dating back maybe a century, with more sub-$200k residential (sometimes now zoned multi-family/commercial) properties concentrated near the urban core than I've seen anywhere else, without actually being urban ghetto.

Given many lenders are willing to fund soft costs such as construction management/development fees and items such as leasing fees, and incorporate contingency line items up to 10% (even if you don’t believe that’s necessary) if a combination of these were theoretically incorporated into the project pro-forma that’s utilized by the bank, the project costs might appear inflated and require slightly more cash up front.

Some other options include a Limited Liability Partnership, which has a low amount of incorporation cost, low reporting standards, and an informal organizational structure.

Choose which state you want to invest in, or at least where you want to incorporate first, perhaps as a holding company.

If you agree, would you benefit from a product that permits self-management and incorporates local vendors and relationships that make management easier?

Several years later, our incorporation and utilization of a new SFR software, Appfolio, would prove to be a game changer for us, assuming positive control of residency from inception.Every resident came with a story, and our bleeding hearts consistently led us astray, so we formed leasing guidelines.