Also make sure the security deposit is addressed!

@Jorge De Jesus You have been provided excellent, real-world advice by @Dave ChapaLike @Bill Spell I am interested in knowing more about the deal specifics (you don't have to give the address or anything like that)

Your concern should be that you will never rent a 4 bed apartment with no living room to a 4 bed voucher.

If it matters, the tax account for the lot address is under Jane Doe and the property is showing as owned by John Dow trustee of Jim Doe (these are not the real names, but you get the idea).

I imagine the vacancy rate is reasonable, but the very small town was a concern (and still is) and it wasn't going to be very efficient for my team to operate there so I did not pursue that deal from 2 years ago.

I am looking to get my LLC started this weekend, but noticed that some requirements are to have a business line and address.

Costin,this is common concern among self-directed investors.

Best case scenario ARV 110k purchase 63kclosing costs 2kreno cost 20kCash out refi as 75% has me at 82.5k. so we'd be in the right neighborhood.I'm a little concerned if our reno ends up at 25 and ARV is only 105k, we would be left with 11k in the budget.Is this to close to call?

as your primary you should be able to get an O/O HELOC my guess on the move out question would be dont ask dont tell, so residential HELOC's tend to be 10 year term, so I would maybe get the HELOC from a bank you dont do investing related banking with maybe an out of area bank or bigger institution. and set up a P.O. box or a different address to get correspondence from them (totally reasonable in a multifamily) this way when you move that doesnt change, so no red flag for them to call it due.

Current tenants leaving when their lease expires (i.e. not renewing) is always a risk, but one that you may be able to address if you are allowed to talk to the current tenants.