You're doing business in California, particularly San Fran, so I'd Lawyer Up!

This is a business-purpose-only loan for real estate investors that allows you to use the projected rental income to qualify.

perhaps moreso disappointed because the business model truly is brilliant.

Net Operating Income is simply your income left over after all business expenses, not including principal, interest, or any reserves (since those aren't expenses yet). 

Its proximity to major highways, including I-10 and I-65, enhances accessibility and facilitates commerce, making it an attractive location for businesses seeking logistics and distribution centers.**2.

During the draw request process, it can take several business days (sometimes a week) for the draw to hit your bank account depending on how much they push back.

Sadly for them, the local authorities found out and decided the sale of the LLC was the same as the sale of the asset so their taxes went up, which was not in their business plan.

select portfolio loanhttps://www.biggerpockets.com/business/finder/lenders

My taxable for the business was only 16K though because I did a big sec 179 for a vehicle and did another set of big write offs for tax purposes.I also have had a roommate for nearly 2 years.

In the first year of business (2023) should I use bonus depreciation for improvements, furniture, irrigation, landscaping?