I add an extra 650 to the deposit but make it clear it is added to the security deposit. 

I hear section 8 can be a great source of secure income but with some slightly higher risks?

Try Colleen Pacheco with Secured Insurance 407-725-3413.

Additionally, this would most likely require you to show the property to prospective tenants in order to secure a lease, which requires the Seller and LA's permission.With all of that in mind, the Lender should not be requiring this of you. 

@Aqil Dharamsey,A good handyman is worth their weight in gold, and as others have stated-- are part of your competitive advantage.   

@Jeffrey XenakisA owner-occupied loan normally requires the person who will be living in the property to be on the loan/deed.If you will be giving your friend $80,000 so he can secure a loan, you will want to protect yourself(just incase your friend dies and his estate says the property is 100% his and not yours...Also for him to just run away with the property).You likely want your name also on the deed.Financing through an LLC with more than 1 member normally requires commercial / portfolio lending which will be more than just 5% down.best of luck!

Hi All,I hoping to get some direction and advise from you pros out there on how to BRRRR and secure long term lending WITHOUT a W2.

I don't want something to get broken, theft accusation, a door left unlocked, pet got out, pet isn't secured, etc. have a he said/she said argument on who is responsible.  

i have the benefit of the VA loan and my friend that is on pretty much the same pay was given up to 350K loan with the VA loan, so i figured it would be easy for me to secure that financing and get a nice quadplex. boy was i wrong... the bank is only willing to give me a 150K loan (which is weird as i also have similiar credit to my buddy) and living in augusta georgia everything that is multifamily is very expensive and old. the cheapest duplex i could find was 180K and in disrepair, so i decided perhaps i could just buy a single family home and have roommates/ split the house/ ADU. but i can't even get quotes from local construction companies until i own the home apparently. so i don't think i can calculate the expenses until after i buy the home.so based on the situation i'm reaching out for help on the forums. any advice is appreciated!

I was trying to do right by them and offered them a pretty substantial amount of money to leave and pay for moving, enough to pay their next security, first, last, and then some.