My thought was also that the $100K to gut and rebuild sounds low.

Seems it's very rare, but it does sometimes happen it sounds.  

You sound really proud, William Donnelly , and you should be!

As crazy as this sounds, it's almost like we need them way more than they need us.  

I just thought that an LLC was doing that through a corporation, whereas when you mentioned policy - it sounded like you were doing that through insurance.  

This sounds like a close family matter that isn't really about the best business decision. 

Lenders want to stay in a conservative underwriting box especially for low interest rates so they can stand up to an audit by the OCC as making sound loans on the market.   

Welcome Dallas, your plan sounds good and I can't recommend enough that you go through the Ultimate Beginner's guide at https://www.biggerpockets.com/real-estate-investin...You probably know it's a great starting point, combined of course with the BP forums and the experienced and helpful folks in here.Best of luck!

It may sound trivial, but going through basic exercises and putting pen to paper can really put all sorts of things into perspective.  

I've tried nearly a half dozen other systems and MileIQ has made me BACK thousands of dollars.I have not tried TAxBot but that sounds pretty cool too.