(Unless a special election to be taxed as a corp).The only reason to do it as a loan would be if there is more that one member so that the other member is paying part of the interest for getting the use of your money

@Buddy LaRue , sorry to hear about your family member, I was wondering about that meet up, but haven't been on here much lately.

Scotts flipping books, and becoming a pro member! I

It wouldn't technically be a cash-out refi since you have no current financing, hence you wouldn't be RE-financing.Is this correct?

I will be holding this house as a long-term rental.I am brand new to doing this, and don't swing a hammer myself, so I'll be relying on hiring people.

Since you are talking about a below market purchase from a family member, I believe the difference between your purchase price and the FMV of the property will be considered a gift of equity.  

Then you're stuck with a very personalized home that may need to be re-rehabbed.

So where it says "Real Estate Chat" if it could update to say "Real Estate Chat (3)" and the 3 would be red or some other color that would stand out against the rest of the nav bar.

Here is an article that points out how the data from lenders is not to be relied upon without scrutiny from outside the industry.

I am a new BP pro member. I