We saw lenders requiring a 30-day "pay balance in full" situation.

Heck, I'd maybe get to a place of all but requiring some such basic competency completed before I take on a buyer client because I too get exhausted of answering the same basics and directing over n over to get with CPA to go over details. 

More affordable properties may cash flow well but take longer to scale.Rental rates in your market: Locations with higher rents (e.g. $2k/month) will require fewer properties than areas with lower rent (e.g. $800/month).

I'm also leaning towards requiring a lease agreement. 

Also many states have a cut-off date (in relation to some filing or event) where notices to junior lien holders are no longer required, if actual notice was even required to begin with. 

The CTA required information about the beneficial ownership of companies registered to do business in the US starting Jan 1, 2024.Link to article:https://www.natlawreview.com/article/us-corporate-transparen...

It can't be manufactured or mobile home and of course we'd have to do all the permits and if I'm coverting an existing building I'd have to have it engineered and permitted to meet code and environmental health requirements.

Some argue with that since one can claim the lead isn't a client requiring fiduciary...

Hey Jacqueline,Welcome to BP.If you're going for a DSCR loan for a residential investment property, you don't need an LLC; you can do it with most (if not all these days) DSCR lenders/brokers depending on your state.All DSCR lenders/brokers will require you to personally guarantee the loan, but you can do it either way, with or without an LLC.Stephanie

Consider factors like square footage, number of bedrooms and bathrooms, and any unique features or amenities that may impact these costs.Overall, while calculating rental income for two houses being sold together may require some additional considerations, breaking down the costs and revenue for each house individually can help you make more informed decisions and projections.