HelloMy mom is a retired Floridian/law enforcement officer who is now getting bit by the Fl home insurance bug...high rates.

I’m active duty Air Force retiring next year.A great way to start is using your VA loan.

Say property owned by “property company” gets purchased by “business LLC” for the new value, which would be a new depreciation amount about 3x higher When refinancing a commercial building that is being rented out, the valuation will typically be based on the Net Operating Income (NOI) of the property.

As for refinancing or rental loans, you can use DSCR financing which does not look at your income.

Look at the current rental income, operating expenses, and potential for future growth or improvements.

It expresses the relationship between a property's annual net operating income (NOI) and its current market value.

This is very enticing after seeing what we would roughly owe on the monthly mortgage even if we are conservative and say we will only make $1,000 a month income from the MIL suite (I think we could easily get $1,500).

Keep in mind that for the first year the only income stream I have is about $1000 a month from disability.

if inherited can definitely do a refinance cashout construction loan with no waiting period based on the arv . no income no doc and welcomes first time investors . what are the numbers looking like ? 

The firm I worked with in the past charged me massive fees, largely because we were higher income and they didn't back it up with value.