Account ClosedHi Mackalyee, I won't be running this property out of an LLC (will be using umbrella insurance to cover personal liabilities) so i assumed that lenders would be more willing to lend at 20%, but i re-ran the numbers at $25k down which makes the deal appear to be closer to a 10% cash return in Y1.

After the mortgage payments it would be around 25k for a cash on cash return of 110%So what's the catch?

She's been at her current job for more than 2 years so she'd have tax returns.

The 12% cash on cash that is,  There are plenty of homes that I can accumulate $100+/mo cash flow but the return is no where near 12%. 

She's been there a few years so she'd have tax returns, and her credit isn't great but it can be boosted pretty easily by paying off her $300 credit card debt.

@AntoineMartel Yes and tax return

Even if the numbers aren't stellar by Bigger Pockets numbers in terms of absolute returns.

IF it is a buy and hold deal you can get it done without Tax returns or a w2 will only be at 75% ltv however

@Stanley Parsley The LLC gain would flow to my personal return.

Hi all,IS it legal for one member of a dual member LLC to claim all of the income/pay all of the taxes on their tax returns.