The law does not address this and JP court judges are elected officials so I would never rely on a text being acceptable

@Joe CassandraI meant to say it’s private money with low interest

I wasn't sure if you meant using an end buyer to finance a rehab for you, which I would list as highly unlikely.In terms of getting your credit lined up, having a credit card is a great option. 

I've been quoted, "Oh, that should make in the mid-80's" but what they meant was gross.

He has finished the remodel and is electing to BRRRR the property, a duplex.

My class A property (in 4Sranch) is being managed by one San Diego property management company for the last 2 years (6%)New extension starts for tenant from July and I want to self manage.Currrent tenant don't like to deal with the property manager as he never attended any of the issues on time also confused him with wrong notices which are not meant for our unit. 

I didn't go back and listen to the episode, but what I'm guessing he meant is to gain equity by doing work and partnering with someone who wants to be more hands off.

@Michael P. correct, commercial is what I meant. ideally 20% down 30 yr amort

S Corp is just a tax status allowed to be elected for C Corp and LLC. 

It's a rule of thumb and not meant to be applied to every single situation.