For instance if you plan to sell the business in 5-10 years a C Corp becomes more compelling.Typically a C or S election needs to be filed within 75 days after the start of the entity's tax year (which has passed if you formed the LLC in Feb 2018), but there is late relief available based on facts and circumstances if 'reasonable cause' can be substantiated. 

here are a couple pics of this house after we finished it.

This Southern Orchard area is appreciating quickly and there are multiple single family flips occurring in the $200-$300k range (higher end finishes - Granite, stainless steel, tile showers, etc.).

This Southern Orchard area is appreciating quickly and there are multiple single family flips occurring in the $200-$300k range (higher end finishes - Granite, stainless steel, tile showers, etc.).

Are the delinquent renters late because the LL is lazy and tired of the place?

I may be able to suggest another lender that doesn't require bank statements, if it's not too late.

If not, you may be stuck with a partially finished renovation that you can't rent out.It might be more prudent to follow some of the other advice in the thread about looking at a 3.5% FHA loan.

House will be completely finished by the end of march.

I also started saving right after I finished school.

Mind you, we are already 8 weeks into this thing, all the other rough work had been finished, all the outside work has been finished, we are just waiting for a competent electrician to get in here and get this thing done!