The underlying note is a USDA loan at 3% interested.The interesting part is that there is about $60k of equity in the home after paying the entry fee.One of my title companies is refusing to insure the transaction due to the underlying lender being USDA, and telling me that it is a bad idea to do this on a USDA loan.

Or is it viewed as a "brand-new" company since a new LLC is formed and the corporate credit is non existent? 

Hi Juliet,Most lenders only offer HELOCS on primary residence.

Hi Jason, I'd highly recommend checking with the sellers to find out if the condo is warrantable or non-warrantable.

That's a non-starter by itself.2.

All things being equal, I'd rather not have an HOA with fees, but a family friendly neighborhood with amenities like a pool and playground may bring in a higher rent than other comparable non HOA properties.I don't prefer an HOA, but it's not an automatic deal killer.

In the background the query goes to Amazon Web Service HyperPod which uses massive Nvidia H100 GPU.The future for AI for "forum summarization" is great because every forum that's searchable publicly can be used in similar way.

So he proposed an idea I've not heard before which was raising capital from investors and having your investors be treated as 2nd position lenders.

Are any conventioanl lenders allowing 10 percent down on rental properties that are not owner occupied?

And while grabbing an owner-occupied loan is typically a non-starter in a standard 1031 transaction, this is a mixed use property that does include a personal residence portion.