In San Diego at the current rates for a purchase loan (which has better rates than an ADU additions) at high LTV, I show 1% does not cash flow on a sustained basis.  

Since the original loan remains in the seller’s name, you may need a nominee interest allocation to deduct mortgage interest, as the Form 1098 will likely be issued to the seller.

Hey @William Weston ALL llc and even C-Corp loans that I have done REQUIRE personal guarantee.

Should we pursue a "cheap" rental in order to build rental history in the hopes of securing DSCR loans down the road? 

Since it was over 12 months with my HML, I ended up taking the property under my name with a 30-year conventional loan.

Hard money loan that covered 100% of rehab and 90% of purchase.

Using the 203k or now the HomeStyle loan you can buy a fixer upper and get all the money to renovate. 

If you are looking for a more laid back and roundtable type discussion of all things real estate, you are more than welcome to join us every Tuesday morning on Zoom or Thursday morning at Kairos Coffee where we discuss everything from assumable loans, to creative buying strategies, to landlord tenant laws and pretty much everything in between! 

Couple is divorcing, husband wants to keep the property; wants ex-wife's name off of property/loan. 

Since agency loans don't allow you to put the loan in an LLC, ask your wife this.