My question is what things can I do during the initial rehab period to help work towards possible condo conversions in the future.

Better of being guaranteed you have clean title.

I just give him a good discount on his rent, and water him with some good gifts periodically. 

For this purpose, the adjusted basis for determining loss shall be the lesser of either of the following amounts, adjusted as prescribed in § 1.1011-1 for the period subsequent to the conversion of the property to income-producing purposes:(i) The fair market value of the property at the time of conversion, or(ii) The adjusted basis for loss, at the time of conversion, determined under § 1.1011-1 but without reference to the fair market value.

And then something happened on the way to the bank...HELOCs are typically only a 10-year amoritization period. 

My question is, does the fact that the LLC will own the property expand my refinance options at all, or would I still be limited on an LTV standpoint because it would be a non-recourse loan since I can't personally guarantee it?

It tells you that you assumed that the next 15 years of your holding period, that your CASH FLOW NEVER CHANGES.IF someone gave me this IRR Spreadsheet, I would just walk away from them because it's total B.S.

Even the best tenant screening can’t guarantee a cooperative tenant Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hello,I was curious about the possibility of obtaining a mortgage as contract worker, if any of you know a way to get a mortgage in my current situation please let me know.My situation:Age: 23 graduated college with BS in Mechanical EngineeringJob: Working as a Mechanical Engineer at Western Digital through a contract agency (5 months in), I will start my second 6 month contract period in late February.

Should I be reporting rental income & expenses separately during the two time periods, (before and after moving them to LLC) or can I just report the whole year of income & expense together under the LLC?