HELOCs are supposed to close within four to eight weeks but can take longer if underwriting requires additional information or documentation. 

You could roll up a entity, and write off the office supplies or whatever you want to catalog it as, but the write off value on them books will likely be worth less than the cost to form the entity, documents, and tax filing cost.Once you have a working business, you can absolutely write off software, books, seminars, guru program, etc..

HI Roxanne,It is true you need to be in the business for 2 years but no one talks about the details about how that is documented which is either by:- Looking up CA BRE website consumer licensee information which will show how long you've been licensed- CPA letter to sign/date on you being self employed for 2 + years or 5+ years if you're using Freddie Mac's program since Freddie specifically wants 5+ years to use 1 year tax return- or another third party to verify you've been SE (self employed) like business licenses, attorney's, other auditor or licensesWith regards to income like others have mentioned you can use 1 year tax return to base your monthly qualifying income off of.Freddie mac, like mentioned above is a a conventional financing option but the downside with Freddie is they want 5 years in the business as documented with one of the options above.

**Im wondering if a commissions based job will hurt my chances of receiving a loan in the future?

I received my tenants security deposit (with interest) at closing and put it into an account for them.

I would gather up all of the documents of the HOA (ByLaws, etc.), your Deed and anything else you have and let your Attorney sort it out. 

Shawn, as a "disqualified person" to your IRA you are not allowed to receive any personal benefits (using investment as a residence) from your IRA.

How often will you receive updates? 

As you’ve done more deals, and carefully documented them and the results, your track record will speak for itself and will be a key element of establishing trust amongst investors that don’t already know you. 

I talked to my mailman, and he said I can't simply add a second box for renters to be able to receive mail.Do I need to somehow set this up with the city?