You have many options.I have done the development side before and unless you are experienced, be careful.   

Please be careful with your posts.

Thanks Be careful about what you post here. 

Management fees are steep, you're competing w/ bigger operators as well as mom & pop places - it's hard to get the personalized care needed, in my opinion, to be successful. 

What do I care if someone owns a property they post to their website or not?

There are a couple of things that come to mind, if a payment is missed the lender cares, if the servicer goes out of business or misses a substitution of trustee, the lender cares, if the borrower goes to the lender to try to get removed from the loan (usually to buy another house) the lender cares, if the property gets caught up in a bankruptcy or divorce, the court cares and that means the lender gets involved.

What I've gathered so far, is that it is more than likely a step in their process to change the electric utility back into PM's name (they took care of all bills on our behalf) by the move-out date.

If I donated to aids health foundation and they spent the money on rent control instead of aids research or health care, I would be pissed.  

If you plan in getting conventional financing, they will not allow you to use the LLC.

I purchased the home with a conventional mortgage and used the grant to help with downpayment and closing costs.