Summarize I do not believe $700 is close to enough.  

Secondly, the loan officer is assuming that I might be closing in an LLC.

She has one source of income and it doesn't even come close to covering the monthly rent, let alone the utilities or anything else (which are provided by the tenant).

All buildings close to the beach requires piling on the first floor then you can either add 2nd or 3rd floor depending on your business plan.You can reachout to real estate agents that are predominant in the area to provide you with short rentals income report.Let me know if you need any help or info about building ground up.

Watch them for a couple years first.I think long island sells tax deeds, but I'm not as familiar with those. 

(There are even some who believe that the seller providing a loan to the buyer will disqualify the exchange entirely, but that's not been our experience.)The most straightforward solution is to have the seller provide a cash loan to the buyer outside of closing.

It won't be 100% accurate, but it will be close enough.

Hey Travis, I close a number of these for clients, usually more common on properties that were wrecked by previous tenants and they want to use existing equity to help repair the damages.We would classify it as a 'Refi-rehab' that would include a direct 'cash out' portion as well as a rehab escrow to reimburse you after you finish the repairs.

Not a one time close .

We're seeking a 2-family house with parking for at least one vehicle and close to public transportation.