With multiple properties, it'll probably cost you more to try DIY tax preparation than hire professional help, but it's your call.Refinance brings another complication: you're allowed to deduct loan costs from the original financing, but for this purpose you need to properly calculate them on the initial closing.

Modular is considered the exact same as a stick built home but make sure that there are comparable modular homes in the area for appraisal purposes. 

I am in the process of refinancing a home with lots of equity and may consider cashing out some extra money to use for this purpose. 

Start with things like an address, what's the purchase price, how much rehab do you think it needs, and what is the purpose of the investment?

I wrote the above for informational purposes.

It's very helpful, and I would say the paid subscription for 1-state is definitely worth it for this purpose.

I read online that using the same address could potentially allow it to be easier to be "linked" to you as a LLC business owner in any legal cases and hence defeat the purpose of LLC layer of protection.

Keep that in mind when submitting under an LLC, as you'd want to make sure that the majority holder is the one with the better FiCo.There are also other ways of borrowing outside of conventional lending, provided this property is NOO and will be used for investment purposes.

Just not a great use of capital.Replacement value - Generally only used for insurance purposes.

Midtown, Corktown area.In other areas of Detroit, houses are cheap, so some people are trying to re-purpose these properties.