The issue with waiting for a low cycle is that you will be waiting a very long time.

We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!

My wife and I bought our first home 18 months ago as a live in flip.

If we get to know your name due to payment issues, we raise your rent. 

He rented out both units, but when the bottom tenants complained about an issue with code enforcement, the city shut him down for zoning and property use compliance.

With rights to extinguish the buyer's ownership and take the asset for himself.And if there is some flexibility on some issues with the lender that might make up for the inflexibility of the seller on some issues including price. 

Myself, Father, and Brother in law want to to begin buying rental properties and possibly a few fix and flips. 

Thank you, I can always shut them off and see what happens but wanted to avoid any unnecessary issues ;p 

@Carol D.They are a regulation a+ offering so they will be required to report bi annually the financials to the SEC and you can see financial strength of the company.Just remember most companies may issue distributions but are not profitable the first few years due to high startup costs for a company

They will not issue a security deposit check they will only give you a voucher letter to submit a claim.