And good point on the the “free refinances for life” selling point, they really make it sound like it’s a unique feature.I’m having some better conversations with Quorum FCU.

Thanks to the Cost Segregation Study, the property investors were able to reclassify the property into shorter useful life categories resulting in first year depreciation of $203,600.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

Anyone have a life lesson they could share?  

Recently she changed her will and named us as personal representatives and is leaving us her property when she passes(crazy I know).

This is an extremely important point, because if there is no clear rules defined by each person, then it can be confusing and lead to anger or resentment between partners.

Quote from @Jason Watson: Other people in the lending space might have better answers, but some lenders quote taxes, insurance, etc. to fully understand the monthly cash burden and ensure you know it as well. that is correct Jason, I personally like it better like that so I can actually see what my payment is after everything is said and done. 

I've house hacked twice in Reno, NV and it's changed my life. 

The notice of a tax sale may not get to the right person to pay it off. 

o Commercial loan, sort of - they are 30-year fixed DSCR loans with private national lenders.o We close in an entity/LLC 99% of the time - very rarely do we receive a request to close in someone's personal name.

It effects every aspect of the property and performance- the type of loans and insurance you need will change if you don't hold the property in your personal name.