If you're talking about conventional cash outs, the requirement is still 12 months if you want to pull based on ARV, otherwise you're limited to pulling based on purchase price.

They have to be out there somewhere.Or better, do #C and do it again as a STR in the summer....at least with a STR you avoid the LL unfriendly laws.Pay attention to what @Henry T. says. the stories we hear are too many and too scary to ignore.That's kind of my worry, the second guy I already rejected since he started getting really demanding already, the first couple I'm tempted to reject because they have a dog (I'm not a fan, my neighbors have dogs and another dog in the yard will result in constant barking between them, I've seen it with the people who used to own this place) and the husband works from home so he will be around all day.

The midwest just seems to make more sense to us based on our finances and our desire for cash flow.

Generally speaking if the entitlement process is by-right, meaning the permitting can be completed based on the in-place base municipality zoning, the approvals add less value than a situation where the land might be zoned  let's say for an autobody use and the developer obtained variances to build dense multi-family building.

In any case, it's always a smart move to consult with a tax professional or attorney to make sure you're covering all the bases when setting up an LLC.

I have actually always like military tenants as they always pay (want to avoid that you have to go to the base and talk to their boss or garnish their wages).2.

I am the owner/operator of a private lending/hard money lending company based in Knoxville in conjunction with our local family office.

This might help for stabilizing.I'm speculating (based on size) that it's not in Sand city, Seaside or Marina.

Hey simon, thank you for taking your time to react, Definitely that is what I am doing right now, I already connect to a few of wonderful souls.Thank you for your kind words, they are greatly appreciated.Are you GA based?

I am closing one right now for 80% LTV based on the appraised value, but only up to the max. of the original purchase price. look into it, maybe even call one of my company LO's in your area to confirm you can do this.