So investing in these types of accounts could help you benefit from that major perk.

Also, keep in mind that there are potential tax benefits related to investing in your primary home.

I do keep larger multifamily in separate LLC.To do one LLC I have multiple bank accounts (taxes, rent deposits,  operating and reserves),  seperate credit card, tax ID, tax filing, property management login, and email. 

Curiously, if an investor has LLCs with business credit such as credit cards, LOCs, etc. when the lender pulls the borrower's credit do they also pull the LLC debts to calculate personal "net-worth" or do they just use FICO data, etc?

If the basement was finished it would be about 1,500 sq. ft.Option 1- Fix & RentCost of Repairs: $10,000 (Estimate to get the house rent-ready, would leave the basement unfinished)Market Rent: $1,100Monthly Profit: (Rent $1,100) - ($700/month) - (8% property management cost is $88) = $612/month Other Benefits: Tax write-off, continued appreciation, continue to pay off mortgage, risk-management against my other rental property, passive income.

After the monthly cash flow, you are also getting appreciation as a benefit, even if you're not realizing it immediately.

While the potential rental income of 4K is noteworthy, it's essential to consider various factors.The local real estate market conditions, property management costs, and potential maintenance expenses should be factored in.Additionally, evaluating investment alternatives like the stock market is prudent.Renting out a property can offer long-term benefits, but careful financial analysis is crucial to determine if it aligns with your overall investment strategy and goals.

Also, try Dennis Kahn at Homestead Mortgage.Fort Community Credit Union can do second lien HELOCs on investment properties.

The only known situations where I was ever required to pay a loan fee upfront before funding is with my commercial lenders (banks, credit unions, etc.) on our 5+ units.

4) Outside of the deal itself, what other considerations relative to the investor are you taking into consideration (i.e. track record, credit, etc.)