Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

@Gerardo Dominguez @Cesar Rebolledo: Yes, I'll go and if they don't make me sign a non-disclosure I'll definitely come back to the thread and share some insights.Though I'll practice saying "No" before I go.

In theory, yes it is possible for rental income to be sufficient to satisfy lender income requirements.In practice, this typically only happens after you own a few solidly cash flowing properties.

If they are not licensed they wont get that practice on a daily base.  

I say this because my parents went the cheap route on their rent house and the roof practically is falling apart to this day. 

The whole problem with LLCs, rentals, and corporate veils is that the LLC rules are practically nonexistent, when that is the case, lawyers figure out what you can/can't do based on case law, but there isn't enough case law out there to let them know *exactly* when the "corporate veil" is compromised.

Best books or detailed article/videos to learn about this (preferably after Dodd Frank was put into practice)?

Older doctor practices tend to shun it because they do not want to deal with all the red tape.

In watching the foreclosure proceedings here (which are educational/entertaining/addicting) the biggest reason for a foreclosure getting kicked, and having to start over, is if they actually have a trial, and the "witness" for the plaintiff, which should be a rep of the servicer, doesn't have all the proper paper work, and more importantly can not speak to the "accuracy" of the payment history print out and explain their "industry standard business practices, controls and procedures".