Planned to rehab with them there to keep them, prevent vacancy and pull my cash out in the spring when I refinance before rates get jacked and market shifts....typical BRRRR in a slightly different order.

Being the person I am I like to streamline and make things efficient, so getting traditional financing would do just that.

Being the person I am I like to streamline and make things efficient, so getting traditional financing would do just that.

The goal was to simplify and streamline the process.

BP Vets / Active Duty,I’m getting out at 10 years as a Pilot, looking to totally shift careers.

It could cost you more in current taxes than if you did nothing.The WA LLC pays and deducts mortgage interest.The WY LLC receives the mortgage interest and pays taxes on the interest at marginal rates.If the WA LLC is a passive investment activity with suspended losses, you will globally pay interest (via the WY LLC) that you wouldn't have otherwise needed to pay yet.If the WA LLC has positive income, then it's a wash.If the property is new and you want to shift money from one pocket to another for the next 27.5 years with no real benefit to yourself, have at it.  

This means we still have to underwrite deals or else the favorable shift will happen without noticing it. 

Hopefully at this point  no large expensive repairs or replacement have been needed and most of the hold back for Capex and repairs can be shifted over to income. 

I would ask you to shift perspective for a moment.

On the flip side, at the $300k+ price points, there will be new opportunities opening up as the higher end of the market shifts to favor buyers.