@Uendy Garcia Keep in mind the $30k will be taxed - state, federal and FICA.

Yes there are must haves... but there are federal, state, county, and city laws that you need to know.

Apparently 95% of new multifamily construction is rentals now rather than condos due to arbitrary regulations by federal mortgage agencies and how those get intertwined with contractor defect laws https://www.minnpost.com/cityscape/2014/02/where-have-all-co..."

Just has an extra step for the MM fund.If there are Treasuries involved, is the interest exempt from state and federal taxes?

In general, rental related real estate, is considered a passive activity.That means, that passive losses, are not eligible to offset income such as wages, interest, dividends,etc.However, I would still argue that real estate is great from a tax perseptive, making $270,000 you are likely in the 30%+ tax bracket when you factor in Federal and state taxes.Rental income, which is normally shielded by depreciation, will not be subject to the 30% tax as would interest and dividends.Best of luck.

When we're getting into the weeds here, @Keith Consiglio, the real question we're untimely asking is "If a state or federal auditor looked at what I did, would this cause any headaches for me?"

Flood Insurance is a Federal Program.

Federal guidelines do not allow loans like this to be refinanced sooner than 90 days I'm told.

They rush me but I have to follow state/federal laws and company rules it can’t be rushed!

Additionally, American Express provides credit lines tailored to real estate investors' needs AMEX Blueprint Business.Chase Ink and Navy Federal also offer excellent credit card options for real estate professionals, with the potential for high credit limits up to $100,000.