You aren't acknowledging that you are just a middle person with no money so you are starting with an untruth, the quickest way to get someone to hang up on you.

Hi Irie,I'll start off by saying I am not an attorney or CPA but here's what I do - if my property is in an LLC, I have a separate bank account setup with it's own EIN and pay everything, including housekeepers out of that account.

The hard part is going to be convincing the new bank/lender that you are going to be building a Primary residence that close to your "existing" home.

Personally, I wouldn't live somewhere where I have people living above me as I am sensitive to noise. 

If so, you can get a DSCR loan without worrying about personal income.

Help me think through the pros and cons to determine whom I should rent to:Candidate 1: Single recently divorced person with a 65 lbs pitbull.

I've personally communicated with the inspectors, and they are aware of how the tenant is trying to manipulate the situation.

They're experienced personal finance people and they have it all on 0% interest balance-transfer cards.

Another option is to have cash saved for the rehab-- it really depends on your situation and the extent of a renovation.Start hitting up lenders in your area and see what they can share-- each bank might be slightly different.

How would I set up business bank accounts?