We would reinvest the $100k equity from the sale of our current home back into our LLC to purchase additional properties for BRRR.Does this make sense to you seasoned pros and are there any reasons not to do it this way?

When I asked the PM about this, here are their answers to my questions:     Question: What is the reason for her application approval despite having multiple evictions? 

I am in the similar boat and planning to expand to other areas to scale up. 

I ended up moving forward like Matt had said.

We did set up a separate LLC and purchased and manage our properties finances through it.  

I flipped a property several years ago and ended up dumping my gains into an upgraded primary residence.

The forums can be a great place to meet folks in similar boats to you, I'd also recommend checking to see if there's any in-person meet ups for your area as that can be a wonderful way to connect with others local to your region.

I see on LA County guidelines and CA HCD guidelines that, when converting a detached accessory structure into an ADU, the structure can be expanded by up to 150 sq ft in order to accommodate ingress/egress.Does anyone have experience with using the 150 sq feet rule?

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

Have you looked into Free leads, like Foreclosure sales, Bankruptcy Filings, Divorce Filings, these are all places you can find leads for free by doing a little work yourself.If you want to fix and flip or buy and hold any properties, we can fund up to 90% of the purchase price, and our rental rates start at 5.3%.Hope this helps.