We are initially looking to use 3rd party funding, but we are establishing a lending company that will use private money to fund 1st and 2nd mortgages to our flip and buy and hold companies.

Set a deadline of five business days to pay the bill in full and establish their own account or you will shut the utility off.

I was chatting with a very established investor in our space about this yesterday, and he mentioned that closing the entire application to fix a few things could be a bad idea for when you try to open it up fresh again.

The insurance carrier by law needs to pay the "Named Insured" on the policy at the time of the loss.Our client had to give a credit at closing with funds tied up in escrow until the claim payout was settled 90 days later.Jason,Why establish an escrow account? 

Next hour or so will register EIN with IRS, best selection I have found during discovery is to establish it as either 8832 or 2553 instead of individual/disregarded entity.Between the two found that S-Corp may be the best route vs Corp since it is definitely considered Small Business.I appreciate you sharing some color to this monochrome current position I am in.Thank you all dear BPeers!

This works whether you win the lotto and pay off the whole thing or whether you pay it off early in chunks (of your own money or from the HELOC). 

@Chris Herrera @@Chuck GerchowAgreed with cash for keys, unless you think you will get your money back or want to go the litigious route.There is a lot to debate on cash for keys and here are some things to consider:1)does tenant care about their credit ?

Looks like a have a lot to learn about the different loan products, I will definitely reach out to local lenders and brokers to pursue my options. 

Establish quiet hours for the upstairs unit when you rent it.

Is it that once you are established at an investor you're getting a lot of noise-to-signal (i.e. getting a lot of bad deals among good ones) or just generally getting consistent deals to look at?