@Sharvil Patel1 is incorrect because of 3.5 is prohibited in many jurisdictions or at a minimum causes insurability issues on future transfers.

Bill -You're absolutely correct, and I should have added more detail around what I was saying; as I said it above, it was misleading/incorrect (I can admit when I'm wrong :)...According to the Georgia Residential Mortgage Act (Article 13), attorneys are exempted from having to be licensed under the condition that they are not compensated by the lender or a mortgage broker for their services.

Unless I am reading your post incorrectly, I believe your statement on "avoiding capital gains taxes" is incorrect.

You're right, I explained that first part incorrectly.

Most people forget that the appraiser's CLIENT is the lender, not the borrower.It might be a good idea to reach out to a couple of appraisers in your area because lots of replies to your post contain incorrect info. 

Mathematically speaking this is completely incorrect- and a rather humorous observation was made by Joe.

If done correctly, they can be a very good way for you to secure a property you would not otherwise.If done incorrectly, or if you do not perform proper due diligence, you can end up with a nightmare.Before undertaking an MLO, you need to be make sure the numbers makes sense.

There really isn't a correct or incorrect way to do it (unless your commingling your assets with the LLCs which strips away the protections). 

If the tile you have is cracked, that is a good indication that it was installed incorrectly and/or the subfloor is too thin/has too much movement.If this is a place you're going to have for some years, like a primary residence or one of your early buy-and-hold'ers, try and swing the tile.

HMM not much appreciation, not sure what you have been looking at, but you are 100% incorrect.