I went home, returned the next day notifying her that it was way over our budget and gave her a number that was our bottom line.

Since the HML is the primary capital, you should sort these concepts out with the HML first so you understand what you can and can not do with the lender who provides you the majority of the funds.It goes without mention, hopeful you are also reviewing the economic impact to your bottom line of borrowing additional funds, paying interest or return on them.

If a physical address is ever needed, you can use a UPS store or equivalent.Use liability insurance as the first line of lawsuit defense.

Rent gouging in the first degree 180.57...Hire the rent gouger to keep your tenants in line LOL :)

The deductions allowable are those items allowed as deductions by chapter 1 of the Code which are directly connected with the debt-financed property or income therefrom (including the dividends received deductions allowed by IRC 243, 244, and 245) except that: The allowable deductions are subject to the modifications provided by IRC 512(b) on computation of the unrelated business taxable income, and The depreciation deduction under IRC 167 is computed only by use of the straight-line method.

It's a fine line to tread and cautious waters for a broker/agent.Each state has their own terminology on things so just make sure you understand if you are a client or a customer before negotiating a contract and purchasing something.No legal advice.

If not, what prevented you from getting the line of credit?

Traditional mortgage wants 20% down payment so maybe an freddie mac or something along those lines would better suit you at 5% down payment.If you get a HUD duplex (up to quaplex) you can apply for the 203K loan.

" If I purchase a home, nobody should be able to come in to my home and tell me to do anything"Just change the requirement to inspecting your gas line before turning the gas on, what do you think about it now?

I am talking about a line of credit, etc.