All commercial loans will now have new covenants if borrowers do not provide timely personal financial statements, personal tax returns, business tax returns, rent rolls (if applicable) timely.Personal financial statements and rent rolls (if applicable) are due within 60 days of the expiration date of the personal financial statement.

Hi Everyone,I was told purchases through the LLC are best using paydex to prevent personal credit/financing being involved due to liability and risk.

If you have 12 months of business/personal bank statements to support the $20k/mo, you could be looking at rates in the mid-high 7s with good credit and 20% down (assuming second home). 

Right now we just have a separate personal account that houses our rental income and expenses.

The guy before him gouged me on my personal home, so I'm out looking as well. 

I started to build my portfolio by buying a personal house and then turning it into a rental.

@Jack Anderson We have seen properties with a purchase price as low as $150,000 benefit from a cost segregation study, but of course, the benefits of a study are different for each person and each property. 

I personally don't like this transaction, but everyone has a different risk tolerance. if you can aggressively raise rents and the market appreciates you are fine.For your assumptions the red flags that I'm seeing:0% vacancy should be higher unless your a PM and are experienced, even still.0% for management fees, are you a property manager?

But ONLY if it was your personal residence for two of the last five years.

This would be a full time STR and maybe come down one week in the summer for personal use.