I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?

Brendan,In banking terms you might be "Risked out" meaning too many mortgages which equal "Excessive Tradelines" and those two things equal high risk.

First I start in LA but then can't find anything that makes sense as its highly competitive strong tenant rental control rights, etc.

Strategic Location: Ellenwood is a growing market with high demand for renovated properties.

@Eli Joffe the most general but applicable advice in your situation is to start focusing on high cash-flow properties with low equity growth potential in the beginning in order to have the cash to boot strap.Once you have a few properties under your belt, then start phasing in nicer homes which tend to be lower cash-flow with higher equity growth potentialThe former helps you boot-strap using more labor and the latter helps build wealth more passively and with less tenant struggles.

Have had it happen in personal houses before, it was usually due to humidity in cities with high, high humidity. 

Its high level, but just meant to persuade the next step of due diligence.I disagree with the Columbus broker, so take it for what its worth.

I sell at no profit and build at no profit. all money goes into the deal, lowest cost, lowest risk, and then distributions at the end are my deferred GC fee and realtor fee and cash for the land brought. it's dollar for dollar equity negotiation and I end up with 35% payout in the capital stack. tells hem to put all their build profit into the deal. if they won't take that move on. you are bringing more than enough 

I'd highly suggest getting involved in local real estate meetups.

@Jonathan Orr  My husband and his partner were also “referred” to this lender, as well as another highly sus lender by a self proclaimed “creative finance real estate investor”.