Of course, the lender will take all the precautions to protect their interest, but I don't know of a situation where a lender restricted a buyer from titling the property in an LLC.One additional note... regardless of how you title your rental property... or even if you don't own any rental properties, I advise a personal umbrella policy.

Probably that you are to young to legally sign a contract if you find a deal.

Generally what happens is the appraiser will appraise it at its highest legal use or in this case a SFR based on the zoning for value purposes.

You have to do some real research on why the taxes on the lot are not being paid. 1) Could be simple mistake - then the lot owner will redeem to keep the lease payment income from the building owner coming in. 2) Building parcel owner and lot parcel owner are in a legal battle.

Look at all the rental rules and restrictions prior to buying, they can be even worse than the fees.

Look - the only way to do this cleanly and legally is just like any other; put it under contract and double close.

Straw buyers are a legal practice as long as it is disclosed with a conventional loan.

I'm not sure it's even legal?

Are these sketchy $400 leases even legal?

You probably need to check this out legally.