I'd consider just having a separate account for your real estate income, then for accounting purposes it's all on one ledger and you have the revised lease to back it up.

@Praveen CherianSo to answer your question it depends on (1) type of property securing the note (2) if the property is residential is it owner occupied and (3) if it’s residential owner occupied what was the purpose of the mortgage loan?

I want to hire a property management company and get accounting software to stay organized.Which software would you consider and does the property management company need access as a user for accounting purposes?

To my understanding lenders do not allow to take out a loan to pay your down payment ( defeats the purpose of a down payment).

So I wondered if there were investors out there who have spotted lenders that accepted the "LLC" exception on a policy level.I think it's only Fannie so far and not Freddie.Tom Gomer, the 12 month occupancy as primary residence requirement is mentioned in brackets as an example of a possible event that violates the purpose of the loan. 

My passion and purpose in life is to educate others and to help people grow!

You can create a single purpose LLC that owns the property and you can let family and friends buy partial ownership in that LLC.

Always make sure your contracts are assignable for tax purposes (we use a form paragraph added to the contract, consult a lawyer for appropriate language), build in a study period and have contingencies laid out for release of documents and financial records of the property. 

Was that for a specific purpose? 

(Otherwise what is the purpose of the TSG?)