You are also able to make sure that your tenants are taking care of your property and check for additional occupants, pets etc.

The only reason I am hesitating is that the loan officer wanted to run a hard credit pull even to send me a term sheet which was really strange.

You will need to work with a tax professional to analyze your current tax situation (income, deductions, activities, etc.) as well as projected income from the fix and flip business.The benefits have to outweigh the costs (payroll costs, additional tax returns, more stringent reporting and compliance requirements, etc.).One important note - an S Corp is not an entity; it is a tax election.

I was quite surprised when he invested $500,000, and followed up with a $250,000 additional investment the next year.

If you have the same dti and both have enough room for the additional house, either of you should be able to purchase it.

Additionally, the maintenance requirements are generally overblown. 

The cashflow is always nice cause it's viewed as another source of income and who doesn't like additional money.

Hi Jennifer, additionally have a contingency plan in place if the property doesn't sell within your desired timeframe.

Hello Everyone,I am looking for Credit Union/Bank recommendations in Little Rock, AR.

I love the virtual credit card option as well, which makes tracking expenses so much easier.