You can leverage your cash much better this way.Hard Money Loan = 70% ARVIf the deal is good enough, you could get it for 0 down, but those deals are rare.If the property does not need rehab, then hard money is not the way to go.

Hey Alan Langer the tax lien always will have first priority, even before the first mortgage.You can do the subject to, or master lease, or whatever. . . but that tax lien will eventually need to be paid for clear title.If it is a good enough deal, have the guy deed the house over to you, OR put it in a land trust, and once in your name pony up 15K in food stamps to Uncle Sam.Keep us informed, and a warm welcome to BP,Tevis

I am just unclear on exactly how the refi transition works for a new business, I am trying to support this with minimal cash out of my own pocket and a "not good enough" credit score  I believe this is the best route for us but I am open to advice,Thank you.

Youtube Link is good enough.  

I cared if something was super inconvenient and the landlord thought it was “ good enough”.

The bottom LPs may not love it because they are getting promoted twice, but if its a good enough deal you may find takers.I've never had an issue having the distributed cash flows be different from ownership percentage, and to have taxation match the distributions, but to be honest I'm not sure what my CPA does to make that happen.  

Scalability happens faster with getting MFR's and house hacking would allow you to live for free if the rents are good enough.

Also my other half is finishing up her PHD and hopefully will be making good enough money for me to go to full time agent but that's six months from now.

A rule of thumb is not good enough to close with.Once you have a good figure for the NOI you can apply the market cap rate or cap rate you want to buy on.

If this is someone's first deal it could be good enough.