Regarding how to structure my business - I do not have an LLC setup as an agent and just plan on purchasing properties under my investments LLC, then getting paid as myself for my commissions.

So I know selling one of the two houses wouldn’t cover all the cost but given that I plan to live in one of the houses and take a conventional loan out on it when it’s done.

You would need new approvals from Regional Planning and Building & Safety for the re-conversion to meet applicable single-family residential development standards under Title 22 (Zoning) of the County Code.”I asked to see the actual covenant document but was given only sample language.

Meet with zoning and planning to determine if this is even possible in my county.2.

Also, make sure to do all paperwork, underwriting, especially the Federal docs if you plan to resell the Note (well, legally you have to do it anyway).Good luck

Dan Hey Dan, sounds like you've got a solid plan.

But the loan officer I spoke with said they have no issue with me moving my properties into an LLC as long as I am paying the mortgage.Because my plan is to purchase properties under my name and BRRRR them and then put them into an LLC the lawyer is advising me to keep them in my name and bulk up on insurance/umbrella policy in case of a law suit.

Something else to look out for is a floor plan that can allow for some separation.

By doing this, you may reduce your housing expenses and begin generating cash flow and equity right now.Make Future Investment Plans: After a year, review your approach to investing and think about the possibilities of buying other properties.

i just never see new investors actually have a plan to be successful out of state.