The demographic is more than likely a young divorced couple, a younger couple going through rough times, or something of that nature.

Note: The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements."

Typically, the same applies to LLCs where you and your wife are sole members.

I applied for an LLc on Monday and received an email back approximately 1 day later about articles of organization with a certificate from the state.

Looking at your numbers, conventional financing wouldn't apply.

These are your loans that you can apply for at pretty much any major bank or with any loan officer. 

(So if the 1% rule applied that would be $700 a month below).

A lot of members of Bigger pockets seems to have “standard” rules they recommend and push from a lot of post I’ve seen, but almost all of them don’t apply to my area or deals.

So I’m sorta in a dilemma I’m currently under contract for my fourth rental and I was planning to take out another loan from my 401k to put as a 20% down payment which is around 38k but I currently got news that this company that I had applied for 3 months ago are interested in interviewing me and perhaps offering me a job which would increase my income and will have better benefits for me and it’s an overall better company for me long term than my employer that I am working with now.

(For example say a 4 bd/2 ba turned into a duplex each having 2 bd/1 ba)I am also wondering how distressed a property must be to qualify for a 203k... does the home have to first be considered to NOT be in livable condition, or can this loan be applied to a paint and carpet rehab?