The REPS-9 election prohibits grouping short-term and long-term rentals, emphasizing the need for careful strategic planning.

I am a 16 year old planning to form an LLC under my parents name in order to qualify for business credit to cover the down payment on my first investment property I will also pair the business credit I am able to qualify for with cash and refinance to pay off the down payment when the interest starts to kick in but I am wondering if when applying for a FHA loan on an investment property if they require income to qualify or if they will accept it because I will be renting and covering the mortgage with the rent and how that all works when qualifying and if this is even possible. 

I plan to contact Boydton tomorrow to inquire with them as well.

Here is the website with all the info: https://www.greensboro-nc.gov/departments/planning/learn-mor...

You don't want to get into that situation where your plan is to pay off a HELOC over the next 5-10 years when you have no idea where interest rates will be during that time.

If I was face with your situation, I would pay the shortage upfront now rather than taking a year to pay it month by month in case you will plan to borrow in the near future. 

I plan to see the property this weekend

It’s also important to sit down (or have a virtual meeting) with your accountant on a quarterly basis to review your financials.Tax deductions are maximized.Ensure you’re getting proper tax planning done throughout the year, so you are minimizing taxes.

I plan to communicate my intentions clearly and respectfully.Your insights and guidance on this matter would be greatly appreciated.Thank you.

With careful planning, due diligence, and a willingness to think outside the box, investors can unlock the full potential of Charlotte's real estate market and achieve financial success.Which of these strategies would you be open to try?