- Will this loan require credit pulls and banks or can this be done with a simple contract and an estate attorney? 

House #1 is rented out - tenant met all the requirements (income 3x the rent, over 600+ credit score, no evictions) when the PM screened rental applicants.

Using the BRRRR method, normally requires you to hold for a while until you can get refinanced, is that right?

@Mike BossIn California I believe it’s $800 a year and rack on what your cpa will charge you and you are gonna run a $2k bill to do a LLCIf you are fixing and flipping lenders may require you to have a LLC.

@Dustin Sanders It is possible to find owner financed deals and you MIGHT be able to even find some that require no money down.

Not sure if that will require a transfer tax.Insurance policy changes are used at least by banks as a source to identify change in ownership.Just a thought...not legal advise.

By selling the property now, you can avoid the time, money, and effort required to make repairs and potentially deal with ongoing property management responsibilities.On the other hand, if you are willing to invest in the repairs and potentially hand off the property to a property management company, you may be able to increase the value of the building and generate higher rental income in the long run.

Also, the good thing about primary is that it only requires you to put as little as 3.5%-5% for properties up to 1-4 unit or 0% if you are a VA.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

My list of required repairs was 70+ after that first inspection. 

The most common way around this is to get a DSCR refinance, which requires 3-6 months of seasoning.