General rule (for more reasons than one):Buy and hold rentals=LLC or hold in your personal nameFlipping=S-Corp (although this depends on some other factors as well such as your total profit and W-2 income) It may not be worth it depending on your situation.

My Private money lender is in limbo right now and im considering useing my CCs, this 4plex might go for 25K and i have a  total of 50K combined CCs limit, Im considering buying the 4 plex  on my CCs, This is for BRRRR but my questions are:Can i buy the house with my CCs in my name and Refi into 203K to get the rehab completed?

Fourth, talking about a deal verses presenting a real deal is totally different.

The answer to that is totally subjective.

This is called the "Certificate of Fact of Existence" and you can obtain it online via VA's SCC eFile.You'll then take that certificate and register your VA LLC in MD and/or DC.

If your total monetary losses can be counted using "hundreds" I'm betting it won't be worth the fight to recover.

@Christopher PhillipsYeah... it seems it all boils down to knowing the "total debt" - no matter which position forecloses.Except if the first one forecloses it releases the property from junior liens.

It can work on higher priced multi family properties because the total of the rents is usually higher.

Lastly, consider collecting rent online in the future.

I'll share the basic details of my policy as well as the process we are being told to follow via insurance:$55k +/- fair market value of home$75k insured value classified as "replacement cost"$3k deductible with fire, water and smoke damage coverage$3k coverage on loss rents$39k principal balance left on mortgageWe submitted the claim online with the photos below.