It is always recommended to do it using LLC but not all types you will qualify if you don't have business with the lender or you don't have experience.Feel free to reach out and we can setup a call, I am working with multiple clients that are doing similar things in DFW.

Feel free to reach out - with access to a wide array of lenders we have the best products available.

I don't know the numbers on your property, so I'll create a hypothetical:Assume your principal and interest on a $300k loan is $1,263.You're sitting on the potential to get $155k (tax free, btw), but the rate will be 7.5%, taking you're principal and interest to $2,100.Yes, it's $900/month more, but you have $155k of tax free money in the bank.

Good morning, does anybody have a CAD business/free lancer that they recommend?

By prioritizing open communication and clarity, we aim to deliver successful outcomes while building trust with our borrowers.If you have any questions or would like to discuss further, feel free to reach out.

Start with BiggerPockets Ultimate Beginners Guide (free).

Quote from @Laura Kreinbring: What do you think about what the platform professionals told me:So you use experts from one free forum to validate the expert from another free forum?

For example, can I simply let a friend borrow $25k & get paid back with some interest or is there some reporting & rules involved before engaging in such practices?

I want to thank Rent To Retirement & Zach, who got me a free consultation for.The costs to do this do reduce cash flow as well as the administrative time to file the different returns/reports are real, but it is worth it to reduce liability for the long term. 

Feel free to reach out to see if we are a good fit or if we can point you in the right direction.