You will still own that loan and personally guaranty that loan.

I sold my one house that had been section 8 last year, and my tenant had improved her income, so she hadn't been sec 8 for about a year before that.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

I've heard of this elusive VA Rehab loan that allows a buyer to purchase a house and get cash to do rehab work.  

Now I see lot of people ( many on youtube) are suggesting that housing market is progressing towards a recession/ correction/crash and prices are going to fall soon.

Also, check the amenities available, that will run the HOA dues too.Location-wise, check whatever will be easier to rent in the long run.Also, depending on how you're comfortable with sharing your apartment, 2 bed could be a great house-hack.

(I know you're not a lawyer and will eventually seek professional advice.)I just talked to my RE broker and he said with LLCs you typically do commercial loans.

I would be using the equity to purchase a new house for myself and my parents (they’re older now and need help)

I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.

New construction loan advice would be great also.