Setting up an LLC is more about privacy and liability protection than saving on taxes.For your first deal, it’s usually fine to buy in your own name, especially if you’re using a traditional mortgage.

If they approve, you're fine, as @John Warren stated.Why would the lender not approve?

They're fine for buying a turnkey, older home that gets "spruced up" and comes with a 1-year warranty on their repairs.

Open box is fine probably means there is a scratch or something. 

I have sold on a lease option before and I’ve had some pretty positive success with people getting their own loan and cashing me out.So let’s say I had a seller that was fine to do a lease option.

Looking on how to sell/get rid of the property more than worrying about tenants.The tenants are fine with the process.

On flips, I’m selective and plan multiple exits; on holds, I’m fine leaving some cash in if the cash flow works today and refi later is upside, not the plan.

Publishing criteria (like “3x rent income” or “650+ credit”) is fine, but it can open you up to unnecessary back-and-forth or legal gray areas if phrased wrong.Best practice:Keep your criteria written down internally (income, credit, rental history, etc.).Apply those same standards to every applicant and keep a record of your process.When someone inquires, you can share your criteria in writing or over email so everyone gets the same info — that’s what shows consistency.If you want, I can share a quick example of a fair housing–friendly screening checklist I use with my clients, just message me and I’ll send it over.

Fine for a weekend, not for a month.

Fines may start at $250 for first offense, increasing for repeat violations.