There are typically a dozen hands that touch a loan before it closes.

Have you created pro forma financial statements that project profitability?

I have been digging through the guidance and am wondering if anyone has ever taken advantage of the following clause regarding 203k improvement types from the HUD SFH Handbook 4000.1, pg 374:- "reconstructing a Structure that has been or will be demolished, provided the complete existing foundation system is not affected and will still be used;"- "repairing, reconstructing or elevating an existing foundation where the Structure will not be demolished;"Guidance link: https://www.hud.gov/sites/dfiles/OCHCO/documents/4000.1hsgh.pdfHas anyone ever built a new home on top of an existing foundation using a 203k loan?

In 5 years, you'll have 5 properties that will be cash flowing and can be on your way to financial freedom.

I sold the STR due to what was going on with the other property as I couldn’t keep both financially. 

I doubt one of those posters has apologized to the lifelong damage they did to the financial lives of anyone that followed their advice.

@Marisa Voelkel, Do you anticipate any issues acquiring loans for a new property under the new LLC structure?

It’s complicated and financially dangerous. 

Thousands of STVR owners have pools and hot tubs with no financial loss via lawsuits.

It's all about the personal financial statement.