Have you considered doing furnished or short term corporate rentals to see if you can get more money back?

I lnow that one of my lenders will allow me to refi as a buisness loan (must have some form of corporate structure( C-corp, S-corp, LLC)  as long as the rents is $1 over the debt service of the loan. 

Hello BP,I'm writing to post an update to this post, and share the details of our first deal.  

By way of background I am a corporate refugee who has been laid off for the 3rd time since 2008 due to business restructuring or M&A.

After buying the property I had to spend thousands of dollars doing updates and makes some payments on the underlying loan, before filling the house. 

The house under contract now is technically move-in ready, so we could either use the regular FHA loan or add a little value to it by doing a few cosmetic updates with the streamline 203K, but I am worried about wasting the 203K option on that house instead of waiting to see if we can get the second one that we'd rather have.  

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

Emergency contact updates and active email confirmations were due on April 1.

Paint, flooring, updated cabinet hardware, counter tops, etc.Let me know if you need anything.Trevor

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