I didn’t even have an LLC until I got to 22-units and only then because I was getting into commercial buys.I had the umbrella until then and actually for a few years after.  

Don't submit the bank statements to underwriting unless you actually need them to close the deal however, as it can cause additional steps in the process for you and your client (if an underwriter sees money moving around, it can cause you to have to paper-trail the funds back to their source, which often isn't a lot of fun).If you haven't completed a loan application, start there.   

Assuming you are taking a 401k loan and not a withdrawal, you can pay that loan down quicker.

Actually went today and talked with a loan officer friend of mine who does helocs, I can pull 80k for 700 a month with a 2500$ origination fee.

Now obviously in the real world actual policy and political winds will dictate how this all actually plays out and I have no idea but the basic idea should be that more people= more labor= more homes being built affordability.  

My parents have a cabin in the finger lakes not that far from Buffalo, and I’ve actually been reading good things about Buffalo. 

Higher risk means higher volatility and thus a higher probability that expected returns do not actually play out as planned.The low risk markets though tend to overtime far out perform the high risk markets.

It will, depending on the financing, rents are strong in that area.Let's say you take a mortgage of 600k (75% of your ARV) Taxes - 5k Annually Insurance 2k Annually Rate - 7.5% 30 Year Fixed Your PITI payment would be $4,778.62If the lender is using a DSCR of 1.1 - you would need actual / market rent of $5,256.48 to qualify for a 75% LTV loan. 

Anyone that tells you they haven't heard anybody, or seen it, it's cause it never gets that far due to actual coverage.

Our contract actually states this, so no surprises to our clients.