@Jonathan GreeneYell ppl the AI with the ** before each heading then it ends in “in conclusion” thankfully most of these people last a few weeks to a month or so and realize it’s not getting them deals so they stop Little secret for people is you shouldn’t come here expecting something in return - those who post more frequently are giving back from experience and not expecting things in return

I initially tried to get a home equity loan on rental, but due to my DTI ratio I ended up with an offer for a DSCR loan at 9% for about $150k equity and over $17k in closing costs, which I turned down.

They are strictly taxation.If you are setting up a trust, you should get a CPA.Find a bookkeeper for your daily driver, if you find one that focuses on real estate, then during year-end your CPA won't charge you an arm and a leg.

If they are not happy, they can leave at the end of the lease.  

And of course, you don't pay interest on the money until you use it, so you do end up saving a lot of interest that way.

After discussing her goals, she ended up hiring us for the management.

What would be your plan to pay back the HELOC if you were able to get it?

.: Thanks  for the insight, they ended up adding an invoice to the escrow statement. 

@Sean O'Keefe I'd love to shoot some ideas back and forth with you if you're open to it!

Tyler,I tell all of my Military Veterans when you close with me come back to us so we can offer a in house VA IRRRL.