@Mike DawsonBOI needs to know the owner of the entity so yes it’s you who has to file and provide your id if you own the LLCThe common misconception with Wyoming LLC’s is people think they are hidden it if you do real estate most forget that if you sell a property or get a loan, that document is recorded and your name is all over it - so it’s super simple to find out who owns it.

The S Homan Ave project provided valuable lessons and posed a few challenges.

Honestly, long term investor loans and DSCR loan rates aren't really any better than that right now.

If so, could someone explain how construction loans work and share their experiences?

Anyway, the first is getting 100% payoffThe 2nd, after jumping through Coopers hoops, came back with "the short sale has been cancelled" and "this loan has been charged off by the lender"Now the 2nd hasnt been paid in 13+ years, but what happens when a 2nd is charged off?

All in for $320,000 have a loan against it for $375,000 and worth $650,000.

I believe I could qualify for an FHA loan, but I’m not sure if I would qualify if I used a co-signer.

And whether they find all of these little issues or not, it will still result in thousands of professional fees and many hours of your time to deal with it.Then you need to look at the other side, if you are mis-stating your tax returns, you will also end up providing bogus numbers to banks (also not a good one to lie to), potential investors, potential buyers, impacting the value of your properties by over stating your expenses...Honesty is a great policy. 

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Do I go with a Hard Money lender until I can refinance into a Conventional loan?