There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Local banks and smaller credit unions are most aggressive in this space.

Yes, Spain is one of the countries in which banks will lend to non-residents (they generally don't) but Spanish banks are much more conservative than US banks so it's more difficult to qualify, especially if you don't earn W2 income.

Go work with community banks, regional banks, and local credit unions.

. § 1344 – Bank Fraud18 U.S.C.

[I think someone else provided an example of this case earlier]-Now provided you do qualify for purchasing a house (4 units or less), you will have no problem qualifying for a mortgage with a Schedule 1 bank as long as you provide the down payment (35% minimum of purchase price) and confirm proof of fund and the source of it- On the proof and source of funds, the banks would want to see an income enough to cover the mortgage payment and other expenses. and in some cases, they would want to make sure they know how you're going to cover your expenses (housing, heating, etc..) where you live.This is usually where it gets annoying for some folks but if you can satisfy this, you should be able to qualify for a mortgage just likely any Canadian tax resident, albeit you will pay a little more in terms of interest rate, etc.

Banks like proof the funds were in a bank well before closing. 

Also, banks typically use a valuation process that does not favor the BRRRR strategy. 

Hi Jayce, we got the seller to carry back the portion of the down payment and the bank to finance the 1st position on the rest.

If you already have existing property and transfer property to an LLC, then it could trigger the due on sale clause the bank.