You and the llc are the same, for tax purposes.

Typically Single Member LLC activity is reported directly on your individual return for Federal income tax purposes (assuming you haven't made an election to treat the LLC as a C Corporation).

@Roy Gottesdiener I'm an appraiser in the Tampa Bay area and it's actually not a requirement for the addition to be permitted for appraisal purposes, however, most lenders will then require the appraiser to use a comparable with a non permitted addition or bedroom in order to illustrate the marketability of the non permitted portion of the home.

@Aaron K. and @Claire Rosenberg all properties are in a flood zone the only differentiator with the flood zones is the "high-risk" flood zones is your lender will require flood insurance in order to get the funds.This is a law.These flood zones are identified with a Flood zone A, Flood zone AE or V, VE.Lenders do not need to require flood insurance in low-to-moderate risk flood zones usually identified as an X flood zone.It doesn't mean that the property will not flood it just simply means that you will not be "required by your lender" to purchase a flood insurance policy.Every year 20% and in some estimates 35% of flooding events are in the "considered low risk" flood zones.The purpose of all insurance (including flood) is to off set your risk this is why you buy a hazard (or homeowners policy) or umbrella policy or auto policy and of course life insurance.But flood insurance is the one that most people decided that they do not need, and many think that their homeowner policy will cover flooding.

I wrote the above for informational purposes.

Logical...not really, but my guess is it is to help prevent abuse - IE major cash out refi, cash buy a property, have cash left over your use for other purposes not allowed, but the Bank already doesn't care.

@Robert McCormick that is a strategy that I promote all the time.

Stay healthy, stay away from bad people.Some ideas to find the deals:walk/drive neighborhoods, look for neglected propertiesadvertise, newspapers, radio, pass out flyersWrite a nice letter to landlordsWhen housing court starts up again, meet landlords there - chatCall and visit owners of Expired Listings - make offersBuild a relationship with a few Realtors, offer to pay them a fee (3-5% of purchase price for unlisted buildings) for presenting your offers to FSBO's and expired listings (auto pilot investing) The purpose behind this is to open negotiations with sellers, I always offer well below their asking price BUT IN WRITING hand delivered by an agent (you save time, cost of gas and you increase the odds of finding a fat equity deal)Study Real Estate Control techniques; delayed settlement, assignment clauses, all types of options, hybrid or JV with sellers, repair consideration with possession (known as front porch offers) use one of the 21 proposals for seller financing (the best highest leverage financing you can get)My LOCK-DOWN has proven to be profitable, I have time to network and develop clients nationwide to mentor/partner transactions.

I wrote the above for informational purposes.

I wrote the above for informational purposes.