I’ve been a licensed agent for 8+ years and have managed rentals here and there on a smaller scale but now fully prepared to build a business out of it. 

Most lenders will have clauses that allow them to modify the terms, freeze, or even call or convert the line if certain events occur, to include ambiguous events like changes in personal financial circumstances.

We have been in business for a decade and we haven't seen anyone get financing on properties that are valued under 70,000. 

You might end up paying a few hundred dollars a year to the state you set it up in, and the state you are actually doing business in. 

Hello Brian, when you own a property "subject to" the existing mortgage and are considering reselling it using the same method, there are several important considerations and potential restrictions you need to be aware of.Due-on-Sale Clause:Most mortgages contain a due-on-sale clause, which allows the lender to demand full repayment of the loan if the property is sold or transferred.

A business partner and I are working together to start investing in distressed properties with the goal of eventually flipping and renting apartments.

I’m going to check this out I registered on the small business portal through Invest PR and I’ve done some research on act 60 but will be sure to reach out with best practices in REI on the island.

I believe in nj I have to work under a broker for 35 deals befor I'm allowed to go off on my own (not quite sure).

Will your 1st lender allow a subordinate lender?

You may want to check with your current mortgage company, if they will allow you to do a quitclaim deed into an LLC.