. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.

All:I've recently passed my 15th anniversary of buying my first investment property and have been reflecting on what I've done right and wrong in those years.

A much simpler strategy may be to sell the property, buy a new property, do a cost-seg analysis and take Bonus Depreciation. 

Maggie,If your husband is going to use it occasionally I would buy it as a second home so you only need to put 10% down.

Make sure there's no rent control and try to cover your a$$ before you buy so you're comfortable and cut out risks.

My guess is no one will question you when you buy a note.

Plenty of people just move out of their homes after 1-2 years and buy another property. 

HI, pretty curious about what the Fayetteville officials are like in regards to this process? Anyone have experience with this process and any advice? Even things on how to investigate the local process would be welco...

You don't usually get to inspect the property before buying so you take a large risk.

If you do don't stop buying.