It is a 2/1 on a quarter acre in the city limits.

HUD limits to 2 people per bedroom, so for your 2-bd house, you shouldn't even consider families of 5+.Don't stop marketing until you find a tenant and collect SD and 1st month rent

I typically use this strategy for my clients who are able to deduct rental activities as passive investments and the accelerated deprecation does not put them over the threshold for the passive loss limitations.

I'd be asking to buy at 60k, 65k being my limit. 20% holding/closing in and out = 38k.189-38-55-65k = roughly 31k in profit.

Many neighborhoods, even older ones, have only a limited number of floor plans.

Non recourse, no limit and can purchase in their LLC.

There is no limitation on the number of loans which can be funded by a private lender.

And thereby limit my ability to purchase a $1,000,000 2nd home?

If the s-corp secures a loan from me for the purchase, would it limit the exposure if sued?

I don't know if there are any limitations to these laws or what agreements they apply to though.