It basically means that if you used your initial entitlement amount, once a loan is paid off, you can request to have full entitlement back one time.

We got to the page that says:Due to the number of members in your LLC, you are considered a Multi-Member Limited Liability Company (LLC) as the type of structure applying for an EIN.Since you are a multi-member LLC, we must initially classify you as a partnership.

Or I initially made an exception and allowed pets as the building was vacant and I needed to get a renter ASAP. 

Your initial thought of house hacking, is a much better and thoughtful endeavor.Stephanie 

My initial concern was that I didn't want them to get double "penalized" on taxes.

Would love feedback on initial pro formaView report*This link comes directly from our calculators, based on information input by the member who posted.

So just take that into consideration when talking to lenders as well as when running your initial numbers to make sure that you account for a 6+ month holding period as opposed to 4 months or whatever it may be. 

I'm brokered out of Keller Williams and I know most other agents will beg and plead you to come to their brokerage but the Keller Williams reputation speaks for itself and I know the teams KW has in Tampa are killer! 

If you had identified the property, the cost, the travel cost would be added to the basis of the property and depreciated.These initial investigatory costs are treated differently for flipping and rentals1) Flipping: the travel cost to investigate will be treated as a business cost and deducted as an ordinary travel cost.

I know we spoke a few months back when you were looking initially and I mentioned my office Vanguard Realty in West Chester.