Pretty much Jay’s definition but something I hadn’t heard discussed before. 

Pretty sure if they cashout their pension that will be a huge tax hit with potential early withdrawal penalties.Have them talk to a cpa to confirm but I’m guessing they shouldn’t do this unless it’s a self directed ira

I've seen a lot of different threads similar to yours and have seen pretty much every answer possible. 

Pretty higher than what I'm used to.

I'm not sure how much I'd save per month on the PMI if I refi'd out, or if the higher interest rate would pretty much break the payment even without the PMI.

I'm told general build time is about 3 months which is pretty quick. 

They are pretty strict on these rules.  

Pretty simple concept.Tenants can’t make rent, and/or you can’t make your mortgage payments.Bank takes it all.

I had spent way more than I allotted to the project and wound up going into some pretty serious debt to finish things off.  

Pretty sure putting llc money in a personal account breaks the veil.You can try capital one.