If the property is within an entity I recommend opening an account in that entities' name, especially for tax purposes to avoid mixing with personal funds.

Yup, only Goldilocks get to use Freddie Mac Home Possible to get a 2-4 unit with 5% down after July 2019.Everyone else either a) makes too much money to use the program (but has the income to support the amount you need to borrow for "normal mortgage purposes"), or b) doesn't have the income to support the amount they need to borrow (but is below the income limit for "Home Possible specific purposes").You have to somehow satisfy both requirements.

Typically operators who have a good track record don't need additional KPs which is the ironic thing too.

Long story short, not only did I commit the rookie mistake of paying for the remaining work in advance to the sum of $2.2k of which the work was never finished and no refund provided because of a sob story I won’t delve into.This gentleman was a foreigner who was legal and had a social security card for working purposes.

Account Closed Ironically I did due diligence on the HOA last year when I bid on the property that I eventually lost.  

It would serve the purpose of having access to funds for an emergency, but would reduce the cash drag on the portfolio.For what it's worth, I hold another $20k or so in personal cash reserves that are separate from my real estate accounts - in case I lose my job, etc.  

Even if you can clear 75% of your rent, the banks are still likely to discount that percentage for borrowing calculation purposes anyway.

If you have a loan on your LLC's name, and you have a "personal guarantee" since your LLC has no credit history, does that expose you to liability and piercing the corporate veil, defeating the purpose of the LLC?

It's easy to get anchored to a low asking price, but it was probably set low on purpose to draw multiple offers.

Leveraging the equity in your primary residence for the purpose of prchasing another property is not the same as taking out a mortgage against that property you intend to buy.