@Spencer Cox the short answer here is that yes, you can refinance with a relative with some lenders.  

That means you report rental income, but you also get to deduct all the related expenses (maintenance, repairs, depreciation, etc.).You’ll pay higher property taxes without the homestead, and financing is typically a bit tougher (higher down payment, slightly higher rates).You’re on the hook for landlord responsibilities and compliance, even if it’s just your kid’s roommates.Which makes more sense?

I am thinking about home office, phones, RE related milage and meals, may be buying a vehicle via LLC.

My name is Shima and I'm relatively new to real estate investing.

Quote from @Matt Lewis: Hello all...Long time lurker, first time poster.Have a DSCR related question. 

I was getting a few from google and other related real estate forms to build my own super comprehensive deal analyzer.

To further analyze, we would first have to know if there was a will, who the property was left to in the will, and if the will was found to be valid in probate.If no will, we would need to know the state the property was located in, the state the deceased resided in, the relationship of the seller to the deceased, and any other relatives living at the time of the deceased death, and if they are now deceased their heirs.It may turn out to be simple (court affirmation of transfer), or very complicated (court rejection of transfer).

RED FLAG #1: I placed a call to their Investor Relations number and spoke with Nick Roman. 

Quote from @Gabriel Romero: I am relatively new to cold calling and am now focusing on land deals throughout the US.

That's relative and your budget might be reasonable or ridiculous.Much of the cost for these basement conversions will go in to sewer- if your sewer line is already below grade, it'll save you quite a bit.