I don’t have to worry about chasing the rent, the government portion comes in the mail between the 1st and the 10th.

No, he's required to use one selected by a third party company if this is through any government-backed loan.It's not unusual to have a seller pay for a 2nd appraisal.  

The state law governing the "foreigh" LLC won't apply in a NC legal action. 

@Bridger L Logan If you're using a government backed loan (Fannie/Freddie)...you're looking at anywhere from 3-10% down (lots of variables here).

It is a law, not a department of government.

I've not once, ever, done a BRRRR-related 85% LTV cash out refinance, usually people doing that are refinancing out of FHA and into conventional to drop the mortgage insurance. 85% LTV FHA Cash Out refis are either FHA-to-FHA, or conventional-to-FHA, the opposite of what BRRRRrrrr people are doing (FHA-to-conventional)... these people are refinancing to sign up for mortgage insurance, all for that little extra 5% (they they are paying 35% of it towards fees) they want.And these are FHA loans, which means government insured, which means taxpayer on the hook.

I've not once, ever, done a BRRRR-related 85% LTV cash out refinance, usually people doing that are refinancing out of FHA and into conventional to drop the mortgage insurance. 85% LTV FHA Cash Out refis are either FHA-to-FHA, or conventional-to-FHA, the opposite of what BRRRRrrrr people are doing (FHA-to-conventional)... these people are refinancing to sign up for mortgage insurance, all for that little extra 5% (they they are paying 35% of it towards fees) they want.And these are FHA loans, which means government insured, which means taxpayer on the hook.

Never realizing that we just gave the government an interest free loan for a yearThe original question was how to sell an investment property and a primary residence and position those into a house in NM. 

I just want to remind everybody that late fees may be governed by their municipality.

We adapt to each variable so that our projects pursue happiness in that very moment, which defines the relationship between a building and the people that will utilize it, the people that will be affected by its residents, and the government that oversees those uses.