If you get the conventional mortgage and it records as a first lien that’s simple every day deal.

Look for experienced investors and coaches with a proven track record.

To address this, we verify the property owner per government records and use this information to vetimposters.Anything that seems suspicious will lead to us requesting an acceptable Letter of Explanation toaddress.Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifyingincome.

You can look into a cost seg study to accelerate some of this depreciation.Beyond the basic deductions, keeping a detailed record of shared expenses and understanding the split-use rules can maximize deductions.For house hacks, depreciation is typically taken on the rental portion only (50% in your case).

@Brody VeilleuxTo maximize returns on multifamily housing, focus on mid-grade updates, amenities, curb appeal, utilities, exploring additional units, creating flexible spaces, and refinancing with a value-add record.

In my state, if you do that, your personal name and info aren't tied to the business records in any way. 

Obviously make sure you record liens against the property, try to get the borrower to personally guarantee the debt, charge points up front, get an appraisal. 

Without a written record of this arrangement, is there a way to claim any compensation for those renovation costs, or would that be difficult to prove in court?

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

And as Rory points out, subsequent loans require less overall time and effort once you have a track record.