Additionally, if you're coming with that much down, you'll definitely have PMI, which I don't see included in the expenses.

What I'm really curious about now though, is whether or not moving the properties into an LLC in this fashion would reduce my personal number of financed properties when applying for additional loans, mostly with respect to the fannie mae reserve requirements."

The only annoying thing is that I collect additional information that cozy doesn't (references, bank info, etc.) which means I have a paper application + cozy.FWIW, I've allowed small dogs and cats in my unit but say they're negotiable...I don't want to disqualify an otherwise excellent tenant because they have an animal. 

Or is there a loan out there that lets you do all this work then refinance w/o additional costs?

In short, i unfortunately, just simply cannot sustain the entire amount of the rent on my own in addition to the utilities, and after exploring other options on my end with no answer, I needed to turn to you guys and just be honest, I don't know what to do.

With her hard work and additional income, we recently refi'd the house to clean up most of the divorce debt.

The renovation cannot be for any structural changes, i.e. you can't change the floorplan to have an open concept between the kitchen/family room or add an additional half-bath, but you could redo the kitchen, roof, etc. 

In addition, if you have to re-list the property in 2 months, will it be easier to get a new tenant, or harder?

On the auction day, the foreclosed owner came by with his twin brother to observe.

It means there’s an addition or some work was done at some point that isn’t permitted or up to code.