My current dilemma is based around opening up a bank account for business and actually creating an LLC.

If you were really conservative on your numbers and made sure to build in capex, and you have a healthly reserve already started, having a low per door cash flow might not be too bad if you can get 26% per year.Keep in mind there are multiple wealth generators, it is the cash flow, appreciation, tax deductions (which might change some with the new tax law) and the principal paydown that can boost the ROI.

Hi BP, Does anyone know how Underwriting views rental income when applying for a Heloc? I have been denied a Heloc by both a big box and a local community bank based on not meeting the DTI requirement. Thanks, Matt 

Now I want to obtain the property to live in but there's a dilemma.

This kind of redundancy is important for many reasons (structural, health, longevity, etc.)

I am not sure that he can help you out of your dilemma, but at the very least he could help you pinpoint your costs if you do have to transfer to your name and then back to the LLC.

In my opinion, if the well and septic get a clean bill of health, plus the driveway in place and the land cleared, the land has value well above my price.

My name is Brett and I currently work full time in the health field.  

But if there is a tenant who is supposed to pay and has not, then you have a dilemma because the seller will claim it is not their bill but if it goes unpaid by the tenant it sticks to the property.

I am having the same dilemma - I have around $23,000 in student loan debt and I am 28 years old!