Hi Brittane,Most rental programs will cap at 80% LTV, but with hard money usually it can go up to 90% of purchase price.

I had a plumber come out and he wasn't sure he could find where to fix it.

This money is sent to a company that acts as the custodian and makes sure all the tenants bills are paid on time.

The loan attaches to the property, not the LLC. 

Here’s my thinking so far: the property’s been on the market for over a year, and I know they had an offer for $500K.

For a BRRR cash-out refi, lenders typically go by the ARV (After Repair Value), not just purchase + repair costs.

We are just getting going..and my only experience is with buying my current and past primary residences! 

Quote from @Bradley Hendrix: Looking to get a cost segregation done on my 24-unit apartment building I just completely remodeled.

Just double-check with the Illinois Department of Financial and Professional Regulation (IDFPR) to make sure you have all the specifics covered.Managing Broker and Deal Visibility: Yes, typically if you hold your license under a managing broker, they’ll have visibility into your deals since they're ultimately responsible for the transactions you complete.

@Jordyn GeggIf you mean like property manage then you would need to get licensed and insured for each property since this new LLC does not own themI would not take on the Burden or expense of setting up another LLC for something like this since it doesn’t gain you anythibg