A WI landlord had to repay 2 years worth of rent because they included a provision that Stat law does not allow (10 deadly sins - look up Koble case, for example on the RPAWI webaite)

I’m basing that more on things like W2’s being issued by a business versus what was reported by the person who received it - but I imagine it extends to all types of transactions.you are flirting with danger though.  

Would either of your rooms allow for a bed larger than a full?

Our current rental was purchased for roughly $340k 7 years ago and is worth in the mid $500’s now and is paid off, and our primary was purchased for $430k 4 years ago and valued low to mid $600s and we owe $180k.Option1 we are considering are a fix and flip to provide cash for a down payment for a long term rental to allow the rent to cover the mortgage and at least break even.

A transaction/title attorney is very diferent from a foreclosure attorney, landord tenant attorney or business structure attorney.

Just take out the maximum liability on the property that your insurer allows (mine allows 2 mil).

Obviously, a rational person isn't going to spend every dollar in the business account and would be pointless to let all cashflow sit in cash at a bank and never make any money personally.If you have any information to share, that would be appreciated.

There are some hatemongers that don't have a clue about law and this line of business but deliberately spread false information about wholesaling on BP to intimidate and mislead.

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

Hi Nicholas, There are programs that will allow for up to 80% cltv for a heloc / second mortgage on a 1-4 unit investment property.