Do you think SCI can possibly pay a mortgage for ?

How much less will a potential buyer pay for the house, now that one "bedroom" does not have a closet?

Just sell and pay off that loan or two.

So they price those homes at what a willing homeowner will pay for their personal residence.

This is a the perfect vehicle to use for short term like buying a  property with cash, then refinancing the property to pay the line of credit back in full, and use it again.   

The only purpose of the account would be to collect payments and pay bills like taxes and insurance on assets held by the LLC.

This simple act of understanding can make or break the deal.Patience Pays: Results-driven but people-focused.

And, even then, hitting your rate target would still be extremely challenging unless you were paying points up front, in which case it would probably make more sense to just try to put in a bigger down payment (or pay down the balance if refi) instead and get better terms naturally offered at the lower LTV.

Quote from @Sarp Ka: Quote from @Patrick Roberts: Am I understanding this correctly that youre expecting to get a $700k property for $500k because youre paying cash?

Did you inherit this home with a step up in tax basis or will you need to pay taxes on any gains if you sell?