We are starting to see panic selling and homeowners trying to find alternatives to selling.

Hi Sandra, First, let me start off by apologizing. 

I have 2 rentals (1 already in an llc and 1 being put in now), I am at the point of starting to look at getting a 3rd rental and have always wondered what loan approval will look like with my assets now segmented and if I would apply for the loan as the LLC.

We have started to think about selling the property and using the proceeds to buy another home in a more desirable area where we believe market and rent appreciation has greater potential for growth.

However, it is hard to gauge the rental potential so many years into the future with new construction SFH and apartments being built in the next few years.I’m worried about the HOA, the rental potential, whether I should keep saving and buy a SFH, or if I should just take the plunge and start building equity.

Without knowing the renovation and soft costs, having the original purchase and eventual sale price is worthless data.

Fico Scores can drop fast when a person starts to open and take out multiple LOC's and mortgages which is considered "Excessive tradelines" based on your DTI.Helocs are great for quick renovations or repairs and should be used and paid off or down quickly.

- Ability to Partner on Deals With the Mentor: This one sort of builds off the first one, but when my brothers and I started out in the multifamily space, we didn't have a track record or credibility.

I started out with a flip house and am currently focusing on long-term rentals.

Unproven contractors need to be started with small jobs and they can work themselves into the bigger rehabs.