There’s a famous quote that one should “be like water”.

Our lawyer cited us the pros and cons, and I was surprised that we will not be able to refinance as the LLC. also that there have been instances where a property was moved over to an LLC, the lender found out, and then made them refinance into a commerical loan.

Also because of covid and it causing volatility and acceleration of economic indicators this is one instance I am going with my gut and saying just because it’s not raining today, but the clouds to the south are really black, doesn’t mean we are no in for a storm.

There are other considerations (unrelated adult occupancy limits, for instance), and the math is simple (what about repairs, for instance), but the concept is easy and replicable.

For instance I will be able to pull out $500,000+ in about 2 years (6-8months reno and then I need to have it stabilized for about 12 months to get agency debt).Once I pull the money out the property will support itself and considering I will get long term debt, 10yr term/30yr am w/ 1-3yr I/O. 

For instance I often will use a line of credit and a commercial lone to buy.

As Thomas Sowell famously said, "“Racism is not dead, but it is on life support — kept alive by politicians, race hustlers and people who get a sense of superiority by denouncing others as ‘racists."

I would hope our tenant base would speak for most instances of us not discriminating. 

In most instances when you finance a property only some of the members of a LLC would be guarantors.

For instance if you are near a college or in an area that gets recent graduates as tenants it would be advantageous to list the house in May/June.