If they need any receipts/invoices, those are all in their portal.I personally would keep a spreadsheet to double-check numbers.

Very frustrating when I qualify for a HELOC but its getting stopped due to LLC vs my personal name. 

I'm the type of person who needs to be hands-on to learn and understand. 

You need to seriously consider ditching this person and replacing them with a pro!

Thanks JD, yeah I’m perfectly fine keeping money in the deal, I’d need about $50-$75k out of this deal so I can still keep a solid cash flow spread so not sure if I’ll even keep going down this road

It will be a DSCR loan, under your US entity or personally held.

There was a recent post here on BP where the person lost all their money in several deals and would not call out the sponsor.

It’s either that or to live with it.A side note: it might be that the owner is a slumlord, not because he/she is an evil person, but is simply a good intentioned person who doesn’t know what he’s doing.

The Title company does  a search to see if the person selling has the legal capacity to sell, to find any  other owners, mortgages and liens on the property and to identify anything that may affect ownership to the new buyer.This is all done prior to signing for transferring ownership.It is not related to doing the Lease or the Option.Yes, the option fee is used as the down payment.

I do that personally...and my employer does it as well.