You can't tell me that you NEED cable...How about a ridiculous cell phone bill?

But do plan to take you portable office and cell phone with you and make sure there's a hot zone to log onto wherever you go.

On the back of the check write “Pay to the order of [insert personal name]” then sign as John Doe for ABC Trust, ABC LLC, whichever the case may be following the ownership chain.

However, delayed financing basically says up to the lower of the two amounts - either 75% or a max or your initial investment, whichever is lower.

Mainly I am wondering how you all structure your income / COS / expense accounts.I've got my income accounts: rent, Section 8 payments, repairs, gain on sale of assets, extraordinary income, finance chargesI've got cost of sales: utilities, HVAC materials, plumbing materials, lumber, contractors, (lots more... stuff to keep the actual apartment running)I've got my expenses: hazard insurance, PMI, property taxes, cell phone, basically all things that are related to the business, but don't directly keep the apartment runningI've got fixed assets: land, building, computerI've got current assets: cash, checking account, savings account, inventory (stock of repair materials for building), accounts receivableI've got current liabilities: accounts payable, notes payable (current portion), taxes payable, tenant depositsI've got long term liabilities: mortgageI've got owner's equity: retained earnings, owner's contributions, owner's draws (currently I am just a sole proprietor)The biggest item missing from my list is depreciation.

It is a commitment from the investor that within the 90-day time window of property rehab & refinance, the investor won't go and buy 3 Lamborghini's and co-sign on 10 cell phones (thus damaging their FICO) and will be able to refinance out of Blue Moon's hard money loan.

I rarely use my trucks built in navigation system.I thought I’d add my IPad Pro with cell phone data plan.

Could perhaps be interpreted as being mortgage fraud.This is definitely mortgage fraud.For self employed people, you need to deduct your normal and necessary business expenses.Where you have a little bit of wiggle room is in the personal expenses that you can choose to make business expenses such as Home Office, Mileage on a personal vehicle or the portion of your cell phone or internet bill that you allocate to business. 

They are responsible for the rent until you find a new tenant or March 31 which ever comes first.

Good luck whichever path you choose.