That ruling was interesting, but still leaves the issue unresolved.

If not, I have no issues taking on a "cash paying" tenant.In terms of what I would do in your shoes with $100k... it sounds like your plan is pretty solid.

Maybe that lender has some sort of weird requirement regarding where the funds need to come from, but typically a HELOC isn't an issue....

Sell it and reinvest it in a house hack where we currently live (we are currently renting from a relative below the market rental rates but home prices are very expensive where we live.

Also a good idea to search for Facebook pages in your area related to wholesaling and general real estate.

We want to stay compliant with any IRS issues and work within the newly created multi-member LLC.

This reduction in debt would add $31,807 to your net worth.Tax benefits:Tax benefits are the deductions you can take on your income for expenses related to owning and operating a rental property.

Of course they have no issue with selling the liens and collecting money from investors, they also have no issues with charging a premium that is non refundable and the county keeping the money.  

Prices are quite a bit higher in Minnesota and landlord-tenant law is getting relatively unfriendly.

As a buyer and you use a hard money loan to purchase and rehab a home the lender should issue a 1098 just as any other mortgage lender holding claim to the title correct?