Those details are all up to you and can be structured anyway you think are reasonable. 

It's one tool for asset protection, but not nearly as good as structuring your LLC, and then even putting THAT within an LLC.Dave E., thanks for that info re commercial lenders not touching a SFH.

We're positioned to BRRRR (nearing getting our first sfh rent ready) but had to cobble together the rehab due to surprise structural problems, family emergencies, etc, and lean heavily on family for helping get the work done, which is not what I want to do going forward.

I think to have year round you have to solve the AC issue - maybe solar and more of a yurt type of thing or even a geo dome etc. more rigid structure etc.]Pahrump is far enough away for it to feel like a vacation, but close enough so they can get home in an emergency.2) Just because you are incapable of succeeding with something like this doesn't mean I am.

I guess the thought is that with inspection contingency, if it is not structurally sound, then you have an out.My concern, it is a 3 unit, so what if the tenants need new appliances or something that is not covered by the contingency and I have only budgeted for 5% for maintenance and 5% for capital expenditures, will I be getting myself into a financial pit?

My career has been in structured credit finance in New York, but I now live in south Florida. 16 unit properties here are all $4mm+, should I be looking elsewhere?

The loan is underwritten based on teh ARV and the loan closes the seller gets paid and your loan is completed within the time frame in which teh GC completes the work and is paid similiar to a construciton loan in draws that are escrowed with the lender.Do not worry to much about the loan itself let the bank/lender take care of the structuring and they put everything together.

Hi Kyle,It would be wise to look at the amperage coming into the structure and have an electrician help you decide if it's adequate for two units, or if you need another drop from the power company. 

Your entire financial structure here seems pretty complicated and it doesn't need to be.HELOCs hurt your DTI and may be part of the reason you aren't qualifying.  

What are the advantages of this structure?