Newer septic rules also require enough land for two septic tanks per each one you are required to install.

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

If scaling quickly is your goal, DSCR loans are a great tool for the refi portion since there’s no 12 month seasoning requirement like conventional loans, and DTI isn’t a factor. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Also start talking to lenders now to understand their requirements 

Additionally, involve a real estate attorney to ensure the transaction aligns with legal requirements and protects both parties’ interests.

Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

But, today, most judges are requiring a GAL anyway.

Our company requires first/last name and a mailing address for the owner.

Above are just hypotheticals, but they bring to light the point, which is, evaluating opportunities requires apples to apples comparisons.