Structuring it as a primary residence is a good move for mortgage terms, but just be mindful of having your daughter on the loan—lenders will count her income, credit, and debt differently, and you’ll want to think about how that plays into future financing.

I currently own two SFR and one duplex rental properties with no debt in Cleveland under my Florida LLC, approximately $730k with an average NOI of about 7.3%.  

Since I’ve been syndicating real estate debt and a few equity deals for 25 years, I’ve made it my business to maintain a constant “overview” of the “product” being offered.  

Helps with your debt to income, better opportunities at cash flow, and typically requires less down to purchase.In regards to challenges, I usually build in an extra 10-15% to deal with things that I can't see behind the walls, including dry rot, electrical or plumbing issues, etc.

Your credit score, monthly income, and debts? 

Particularly if you aren't well experience in the tax lien property arena, this is not generally an area that is friendly or forgiving. 

My debt to income with the potential new mortgage comes out at 60%. 

What's your other debt looking like?

Ron, you’re spot on about California’s 10% usury cap, unless you use a licensed lender, debt-based investor returns are limited.Equity structures (like profit splits or preferred returns) are more flexible, let investors share in upside, and are common when pooling funds.

Refinance StrategyA DSCR loan is based primarily on rental income vs. debt service, not your W-2 income.