You may still want to consider opening up a separate bank account because there may still be some expenses that you pay for directly outside of what is paid by the property management company - I.E.

I could use the HELOC to finance my down payment and rehab and then when I refinance my BRRRR, I could pay off the HELOC and close the loan. 

I'm 32 years old, with a good paying w-2 with an always abundance of overtime availability.

The well serves about 74 properties (some lots are vacant)  of which currently 40 are paying and the owner estimates as many as 18 may be stealing water.

If we kept it in our name for a year, does anyone know if we will have to pay transfer taxes when we transfer it to the LLC in both our names?

The ones that sell the fastest are the ones you want to pay attention to.

I mention this for visibility into the amount borrowed vs the individual's personal assets.Current language in contract: The Guarantors, known as John Smith, of Street Address, Coral Springs, FL 33071 agree to be liable and pay the Borrowed Amount, including principal and interest, in the event of the Debtor’s default.

As I don't have large down payment, I am thinking to start building a portfolio with finding off market deals that have equity and do bit rehab/renovate and later get refinanace to pay off HML with a traditional lender/DSCR loan. please share any thoughts on my plan and any lending resources.

With a PM in place you will have to pay them their cut and to go back to the second part if you end up buying in a lower class area you will be getting a lot of turn around it’s just the way it is.

I want to show you how I was able to put 0% down on a house hack/live-in flip in the Boston metro area…not to toot my own horn, but because I believe that ANYONE can create a good deal when buying a house hack.Deal Backstory: Driving for Dollars, “Farming” and ReferralsFor the past few months, my wife and I have been putting in offers around the Boston metro area only to lose bidding wars with people paying $50k to $100k over asking.