Other than new construction, I think they will still want you to have a “functional” house and prove ability to repay the loan.Hard money is specifically short term loans with the ability to pay off the loan is dependent on the deal.

A properly formed and operated LLC functions essentially like a box - you can place your assets in the box.

As an added benefit, the DST allows for you to create separate "series" (if you have heard of the Series LLC, it's the same function) for different investments, helping separate them out.

There are a lot of contractor recommendations if you use the search function.

@Ray Danishyar 100% website with topnotch SEO is a key function and driving for dollars is great way to find those sweet little properties that not many if any have touched.

These properties could then possibly meet the guidelines for a portfolio type loan.I think the strategy behind this is to leverage the existing one year of tax returns on LLC 1 and then the operating history of LLC 1 could function as a "secondary form of repayment" in conjunction with the fixed lease in place.

However, I knew that the stairwell had zero impact on the actual functionality of the property, and that it would have zero impact on its desirability as a rental.

Wiersema if you have visible & functioning K&T, most insurance carriers will require you to replace it before they will insure it.You may be able to find some insurance carriers who will over look it, but they wont be the most affordable option.  

I would expect all "common" entrances, such as a back door for laundry room, to be locked at all times...simply put a "storeroom" function handset on it so it is always locked.

It could use some polish, but it’s free and functional and syncs perfectly to their systems