.- Assuming a 12% HML with a 3% origination fee held for 4 months, with a 30-year cash out refinance at 70% LTV and 7% interest rate, where the property stabilizes two months after refinancing (6 months after purchasing), you would (i) nearly breakeven on the cash out refinance and would generate $455 in monthly net cash flow in year 1, increasing annually, assuming you rent for $7,000 in year 1 and increase rent 4% YoY.- See below and let me know if you would like me to send you a copy.

If you would have simply held on and collected rent for 72 months, you would have been up money...and that is buying at the peak right before the biggest real estate bubble in modern history.

Also, if the title is held by an LLC when you apply for the legal residence exemption for property taxes, it will be denied (see below).Property in South Carolina is taxed using a millage system, based on the assessed value of the property.

HELOC are generally balance sheet meaning the loan is held on the lender's book, not sold into the secondary market.

I have not personally held weight on the president dropping prices or increasing the prices.

That said... it's common for properties to be held in an LLC that's in the same state as the property itself.

I brokered a townhouse development in the early 80s and we gave zero coupon bonds to the buyers as an incentive to buy.. and If I recall the bond held 30 years would mature and have enough that equaled the entire price of the home. 

We always add a metal roof with overhang to any older homes we purchase.

They had signed the lease, but I had held off signing until they paid the upfront move-in costs. 

Based on what you've shared, I don't see how they can be held responsible.