A hypothetical example I may add for illustration purposes.100K purchase price25K rehab6.6 down payment + closing costs Loan amount 118,400Insurance out of pocket as well as Taxes.So let's say you are 15K in holding costs through the project.The new ARV (After Repair Value) is 200K.When you refinance the new lender will calculate 75% of 200K = $150,000 minus closing costs.150,000 - 118,400 = 31,600 to you.

Must certify that all balances to be refinanced were used for exclusively business related purposes.

As it really defeats the purpose in having any accredited investor that can spend $150,000 a month on npn or an investor with $10-$50 million per month on deficiency balance notes if you can't get honest biz done!

Although for attempted political persuasion purposes the media will probably claim otherwise.Good Luck!

In NYC there is currently a movement of politicians and tenant advocates who promote the idea that housing should be completely controlled by the government. 

That said, Toth was specially allowed her expenses that were claimed as she was deemed currently operating.You should read 195 https://www.law.cornell.edu/uscode/text/26/195"(c)Definitions For purposes of this section—(1)Start-up expenditures The term “start-up expenditure” means any amount—(A)paid or incurred in connection with—(i)investigating the creation or acquisition of an active trade or business, or(ii)creating an active trade or business, or(iii)any activity engaged in for profit and for the production of income before the day on which the active trade or business begins, in anticipation of such activity becoming an active trade or business, and(B)which, if paid or incurred in connection with the operation of an existing active trade or business (in the same field as the trade or business referred to in subparagraph (A)), would be allowable as a deduction for the taxable year in which paid or incurred.The term “start-up expenditure” does not include any amount with respect to which a deduction is allowable under section 163(a), 164, or 174."

This is a great idea if the math works, make sure to record dates and when it transitions from your residence to a rental for tax purposes.

I understand that the overall purpose of the Paycheck Protection Program is to keep people employed, however, I'm wondering if the fully guaranteed Small Business Administration (SBA) loans would somehow be available to property owners/landlords.These loans must be applied for by 6/30/2020, have terms of 10 years maximum, and interest rates of 4% maximum. 

We've been lucky in that our rental is in the Smoky Mountains, where a lot of people have booked for the purpose of getting away for some "scenic social distancing."

While I don't have data to support, I have a hunch there are a number of smaller landlords which incorporate and are a "corporation" for purposes of liability.