Taking out a loan for EMD would make it way, way too tempting to look past issues in DD and close no matter what.I'd also be concerned about the ability to close in general if cash is too tight to fund even the EMD.

They claim to use the method of teaching that uses hard money loans to find your property, improve then rent.

2) It states -- "No structure shall be erected on any residential lot other than one detached family dweling and an attached or detached or build in private garage for not more than three automobiles.

Regular conventional loan.

The IRS cross-references your 1098s with claimed deductions, raising concerns if discrepancies arise.Private Lenders and Forms 1098: Private lenders are required to send Forms 1098, but only if they meet specific criteria:The private lender operates as a “trade or business,” distinguishing professional lenders from casual lenders like friends or family members.The loan is issued to an individual or a disregarded single-member LLC.The loan is a mortgage secured by real property.The annual interest paid on the mortgage was $600 or more for the previous year.The conditions leave some room for interpretation, particularly regarding the “trade or business” clause.

As of right now the plan is to get a home equity loan once rehab is complete and pay off HELOC.

@Jeff Miller$40k in equity most banks will not allow that to be pulled, as they have strict loan to value requirements.Whether you put properties in or out of a LLC, does not matter who owns it, but if you are seeking to get bank financing for acquisition they will want 25% down.

The plan is to get a second home loan or any kind of loan really that allows a 10% down.  

You will not retire or grow rich off cash flow, it will be the appreciation and eventually the loan payoff. 

Hello, BP community,Are there any lenders on here that provide SBA loans for RV parks?