I looked into possibly obtaining loan and they required 1% of loan amount for a pre-approval letter and no fund of the 1% fee.

If any portion of the security deposit is owed to the departing tenant, they will obtain that from the remaining Tenant(s) prior to departure.3.

@Terris Elliott It is very easy to file the articles of organization and obtain an EIN.

You don't have enough money for the deposit so how  do you plan to obtain the necessary funds to cover the closing costs? 

If we can agree that 'knowledge' is an asset (an intangible asset) then there may be some common ground in the view that those with unique knowledge that is in low supply but high demand get paid more for their knowledge than those with common knowledge that can be obtained anywhere or from anyone for free. 

Pretty common strategy as I understand.Does anyone know if I'll have to quit claim it back to my personal name in order to obtain a HEL?  

Until now, I had a great credit score, but I'm concerned that my increased debt might affect my ability to obtain a HELOC or a Home Equity Loan.A lender approached me, claiming they could help me secure a HELOC, but the encounter felt coincidental, making me feel vulnerable.

However if you had a few negative reviews about your business and you had thousands of people obtaining value wouldn’t you want to introduce them to another community and ask that you provide your honest feedback? 

Should I take out equity in the home towards a crash pad and/or doing some minor upgrades on the home OR should I save up to get into air BNB arbitrage to increase my money flow and put that towards fixing the home and eventually obtaining a crash pad.

Transfers of ownership into the family trust are usually protected (see Garn St-Germain Act), but transfers into an LLC may run afoul of the due-on-sale clause that some investors will choose to obtain consent from the lender prior to the transfer.