Hey @Troy Welch, Given we have already chatted via direct message, i am leaving this for those who fall on this post in the same situation: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

I highly recommend reading more about why S Corps are not the right structure for LLCs with rentals.

I would highly recommend this be held by a title company if you are to proceed with another assignment transaction to better protect yourself. 

. :)    I HIGHLY recommend you Talk to Engelo he is from Aussie land and is quite famous on the Aussie version of Bigger Pockets thats how I met him in 2012 or so.. he has been investing and rehabbing in US for 12 years now very successful at it and a NO BS kind of guy..

I don’t  think those permits will get snapped up that quickly: we have very little inventory and the barrier to entry is a little high as the entry-level price point is $1.3ish Million for any properties that would work well as an STR.

Quote from @Michael Nelson: I have a few deals coming down the pipeline and want to free up as much capital as possible.senario property appraised value 430,000amount still owed 220,000 You can do 80% LTV cash out however the rate will be high.

If you have losses that high then it is worth your money to hire a CPA to prepare your tax return.

Hello, this lender at gaurenteed rate says my DTI will be too high AFTER i buy this SFH (with FHA) that i will turn into a rental later.

Hi Robert, unfortunately there isn't a right or wrong answer when bringing speculation into the picture.

He no longer has rights to the property (they divorced and he lost it before we came in the picture) but asked if we were interested in using his services for property management.