If it is a single unit 2 bed/2 bath you can definitely get a residential loan.

From a legal perspective, it seems to be commingling a bit, but I guess it's technically a loan to the business.2) If that's not a viable option, then I was considering a business LOC. 

I dont think it's fair that we are being held liable for something we had no hand in contributing to”Am I legally responsible to return anything 9 months after he moved out??

Whichever strategy that you choose, run your numbers, and definitely consider all the other benefits of owning real estate i.e. appreciation, loan pay-down, potential housing expense decrease and/or cash flow. 

Depending on your definition of house hack, these excess losses may be able to be carried forward as passive losses on form 8582 (not enough information to determine this part, would need additional info).I will mention as well that if you choose to switch to another accountant who more specializes in real estate, being that it's April, any good CPA will automatically want you to file an extension.

This could include new construction loans, down payment assistance programs, private loans, hard money loans, and rehab loans.Compliance & Legal Support: Does sponsors usally help you navigate the ever-changing regulatory landscape?

Which these contracts won't include.You should definitely consult an attorney to fine tune the contract addendums.You can also see templates for common real estate forms on the firsttuesday website.

We got the property measurements from the legal description and he drew up a very detailed site map.

Definitely some stress along the way and some conversations about how to move forward.

I'm definitely seeing weaknesses in the rent collection on your PM side.