After visiting the property, I decided not to offer based on what seemed to be many interior issues, a roof that’s seen better days, and more tenants living in the unit I was allowed to view than I was expecting for a 800 square foot space. 

This law prohibits a financial institution from disclosing a consumer’s nonpublic personal information like your Social Security number, income, and outstanding debt to companies that are not related to the financial institution.https://www.ftc.gov/business-g...https://www.ftc.gov/business-g...Also, most credit agency contracts do not allow their clients to share info with 3rd parties.

Most of our business is non-203K renovation loans...both for consumers to occupy and for investors. 

Seems like he cannot differentiate btwn regular wear and tear and intentional damage/ Paint requirements: Interior walls, ceilings and other exposed surfaces in rental units must be kept smooth, clean, free of flaking, loose or peeling paint, plaster or paper and maintained in a sanitary condition.

(Celebrating 31 years in Business!)

For a 3 unit building with one unit as a commercial space/retail space I would use either a 7 or 10% vacancy factor and perhaps higher depending on the viability/business strength of the restaurant.

I have a Partnership that is primarily in the business of buy and hold rentals and also has some funds invested in multifamily syndications. 

One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊

My questions are: Are they any implications (tax or otherwise) if after the funds are paid into the business account and my friend writes a check to their personal account from the LLC to get his money out?  

He invited me in and his unit only needs interior updates.