. - the conventional financing rules count "financed properties" when determining the count, so it doesn't matter if you have a blanket versus individual loans.As far as consolidating small loans, that is certainly a possibility if you have adequate equity in your portfolio, just be aware of all the closing costs you would face.

Be sure and use an inspection clause (I usually tell buyers 10 days is adequate).

But must be verified by 60 day history, and must be a gift with no requirement to pay back.Reserve Requirements 3-4 Unit owner occupied properties must have 3 months PITIThree (3)- and Four (4)-Unit Property The maximum mortgage amount for the three (3) - and four (4)-unit properties is limited, so that the ratio of the monthly mortgage payment, divided by the monthly net rental income does not exceed 100%, regardless of the occupancy status.Livable Conditions The property must demonstrate the following characteristics: A continuing and sufficient supply of safe and potable water under adequate pressure and of appropriate quality for household uses.

Besides the potential code changes, make sure to carry adequate soft costs for design.

I would make sure to keep an adequate reserve in the LLC for operating costs.4 If we do flip few properties, does it justify to LLC the properties right after we purchase them, or we can wait and see (if we could not sell the house, and then LLC it as rental property)The only reason I say yes to LLC them is to keep them as a separate project and keep another layer.

As mentioned earlier, your region would limit your ability to find adequate rentals at a reasonable price.

Thanks for the answer, as a matter of fact, I am non-american, is there any chance to get a financial support from the bank for this.Furthermore, how could I know if the appraisal is legitimate and have adequate experiance, and is there firm that taking care of the rental.

However, the loans create worry and potential disaster if you do not have adequate cash reserves.

Just get an adequate amount of liability insurance and conduct business the right way.

Sorry for the double post -- I actually find most of the realtors I work with are pretty adequate (not that I work with them often).I think if done right, wholesales and realtors can not only co-exist but thrive.