I would suggest starting as a mortgage loan originator aka MLO.

I would imagine the bigger loan origination companies out there who underwrite like robots because they are lining up the sale before closing  will be the exception and require those docs up front. 

Your credit limit on an unused card will not generally affect your scores.

The only LLC you'll be able to form is a "disregarded" LLC, which means it gets traced back to your SSN for 1031 purposes since the original property was in your name. 

Originally posted by @Vaughn J Smith:Dan, thank you for that.

Not the best thing to do - I should have raised it originally for a higher amount.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Originally posted by :What your accountant missed is a checkbox in his software.

Borrowers in certain states or with high credit scores may qualify for  80% cash-out , but it’s important to weigh the pros and cons.

We've gotten great residents who we met despite their original search on FF being way below market.