So define what you find acceptable and publish it to any and all prospects.

As long as I keep track of what expenses belong to which LLC, is it safe to continue running all of the payments and credit cards through the holdings company and then just divvy it up during tax time?

I do my placements and turn them over at lease renewal time, but not many would want to do all the work.

Our team covers Eastern PA from Philadelphia all the way north through Allentown and the Poconos.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Just trying to figure out if a HELOC at this time is the best decision.Thanks for all the help!!

This way we could even do some sort of hybrid seller finance until loan assumes kind of deal, or am I just completely wrong in all of this?

Numbers can change but you’ll have an idea of what to expect going in.I wish you all the best.

The additional amount in yr 1 was to help decrease the initial downpayment-Tenant responsible for all maintenance (but I did purchase them a home warranty to use)

By happenstance the lender I work for treats the territory like a mainland loan (think Hawaii) and almost all conventional programs are available and even priced accordingly.