It is essentially a cash-out refi.  

LLC's also have many other inherent problems e.g. you may have difficulty transferring the property to a spouse, or relative since the LLC essentially owns the property and it may not be considered to be a personal property.LLC's do not provide you with any protection when someone sues you because if the court awards damages the LLC cannot pay then it is very simple for the Plaintiff to go after your personal assets, or if someone sues you outside of the LLC then the Plaintiff easily get a Charging Order and goes after your personal interests in the LLC.It is much easier to just file for a Ficticiious Business Name, use a DBS e.g.

I replaced the roof, water tank, updated, electrical, updated the kitchen, refinished and stained the original hardwood floors, renovated the bathroom, Basically I did a total renovation!

I replaced the roof, water tank, updated, electrical, updated the kitchen, refinished and stained the original hardwood floors, renovated the bathroom, Basically I did a total renovation!

And if you become a managing broker, then essentially you work for yourself.Hope that helps!

Does anyone have any insights on how much we should budget for cosmetic rehab (i.e kitchen/bathroom upgrades, etc)?

I'm looking to remodel a couple bathrooms in a single family home, does anyone have any good remodelers they've had experiences with that could GC most of the work.

Essentially, if you sell one it is like paying off that portion of the loan principal, but your payment stays the same unless you refi the whole loan... 

New flooring, paint, counters, bathroom updated, kitchen updated, new appliances, maintained landscaping really well.What was the outcome?

https://thedarwiniandoctor.com...Essentially, because my avg rental periods are less than 7 days, and because I do spend lots of time managing my own short term rental, I am eligible to have my airbnb income/losses go against my W2 that I receive from my full time job.