For longer term financing I prefer the fixed rate.  

From Google AI:In the first quarter of 2024, Memphis, Tennessee had a 14.6% house flipping rate, which was one of the highest among metro areas with a population of more than 1 million.

Can I pay the management company I set up a mgmt fee?

Hello Andy, if your 1st property is finished you will be able to pull 75-80% of the market value out of it, if you have a minimum of a 660 Credit Score you can get a DSCR rate which will be in the high 6 to low 7% range.

The rates are the same as capital gains but it is treated as "income from passive activity" and can therefore absorb rental losses.

This is incredibly useful for enforcing lease violations and fees for missing renewal deadlines.

I understood the previous content to guarantee a profit as a way of safeguarding members from the $15k fee.

You will still be able to benefit from the losses whether its set up as a MMLLC or SMLLC since you are married.Main thing to keep in mind from the tax side of things is that MMLLC may have a Form 1065 filing requirement each year and increase your tax prep fees.

You will also need to handle any Closing costs you are responsible for, as well as any inspection fees for inspections that you want to have done.

Normally I'd refinance but I can't let go of that interest rate (especially these days) or else I'd destroy my cashflow.