Following my first post when I asked some advices on a new start for our family run LLC based in France, here's another question for you guys.

If you are a flipper looking for your next project, or buy and hold investor, please message me so I can learn the specifics of your investing business.I am a licensed Broker based in Carlsbad, and serve the surrounding communities of Oceanside, Vista, San Marcos, Escondido and others. 

I have heard that I should create a trust to protect family assets, and that there are serious implications based on which corp structure I choose.

However, they will calculate a new DTI (debit to income ratio) based on the new monthly payments from your cash out refi or HELOC loan.Some quick pros and cons about Cash out Refi vsHELOCCash out Pros-tax free money-low interest rate-no monthly payments Cash out Cons-closing costs (couple thousand)HELOC Pros-tax free -its a line of credit, hence you can use pay back then use again-usually NO closing costsHeloc Cons-higher interest rate-have to make monthly payments on money borrowedHope this helps,CB

Roof's are based off of squares, 1 square equals 100 sqft.  

You could also pay cash for the home, fix it up, and then mortgage it later based on 80% of the appraisal rather than 80% of the purchase price.

There are very few properties like it around, but I was able to roughly put the ARV at $175,000 based on recent sales and the properties that are there.  

I hear NY pays their leasing agents based off commission as if they were real estate agent brokers.

Definitely check out the legality of short term rentals where you are buying... that issue is my nightmare right now in FL - where the city only pursues short term rentals based on neighbor complaints.  

Looks like he's based in Rochester, NY - been around since 2007.Thanks!