If you are trying to wholesale it, don't. 95% chance you'll just end up keeping their home off the market fit 60-90 days, so they can't sell to a real buyer, then the deals falls apart because you find a buyer, your double close doesn't work (no assignments allowed), etc, etc.

Next use the 70% rule to determine your allowable cost basis

@ Nicole Kemanjian Try reaching out to your local remodeling / homebuilder organizations.

Shouldn’t this go to capital contribution allowed and owner withdrawal?

I believe the HUD guidelines are two per bedroom plus one, so for your apartment it would be a total of five allowed to live in it. 

My LLC is located in NJ and HML is asking the following documentation:Operating AgreementArticles of OrganizationCertificate of Good StandingDo I need "Articles of Organization" if I have a Single Member LLC?

We ended up filing a letter of vacancy with the Los Angeles County Sheriff's Department which allowed them to forcibly remove anyone that we considered to be trespassing on our property. 

I am looking for a lender that is willing to issue a loan that allows the property to be owner by the LLC that is equally owned by both parties. 

I transferred my credit card debt with 21+% interest into balance transfer credit cards allowing me to pay off my credit card debt without paying interest (that would later negatively effect my credit score, little did I know, due to opening new lines of credit--C'Est la Vie!)  

There are other groups too and I hope those organizers chime in on this thread and invite you (I'm not familiar with them since I do not attend those meetings).My suggestion is to get out and meet some people and see about mentoring with someone who has been doing it for a while in this market.