I will also be tracking expenses related to repairs, maintenance, travel to and from NV, hotel stays, meals, gas, and other regular business costs.In the long term, I aim to purchase additional properties under the business name, but I understand I need to establish at least two years of income and credit history before doing so.The issue I’m encountering is that my accountant has not provided any guidance on how to structure this scenario.

The wire instructions I received were also different from the entity listed on the contract, but in my case, they explained that the funds needed to be sent directly to the contractors handling the rehab, which aligned with the project’s structure.I proceeded, and everything went smoothly, with clear communication and regular updates throughout the process.

@Jorge Liang I have regular exterior pest control at several of my properties.

I've got the common sense items such as clean the lint trap, report leaks ect.

As the owner of the tree, it’s almost always your responsibility for clean-up and debris removal.

Everything has been cash so far but I have contacted several local banks and all of them have said about 1-2%+ above regular mortgage rates, 3-5y ARM with 15-25y term, and 20-30% down.

Clean it up a bit to get most bang for the buck add ons and preventative damage items like water leaks.

Wholesaler had it for $90k "as-is", another wholesaler bought it, cleaned it out, and relisted it for $120k.

The vast majority of "regular" or traditional (Conv/Govt) mortgages are originated by specialty lenders and brokers and are sold in the secondary market to provide yield on bank balance sheets (think Chase or BoA) or to be securitized into MBS.

One of my friends uses comped quarterly cleaning as their inspection day and trains the cleaners to take photos and videos of everything.