@Chungying ChuIf you want more liability coverage, ask your insurance company if you can increase it.

Fannie Mac is a publically traded company, ticker FNMA (more later).These GSE’s were created to to promote homeownership by providing liquidity to the secondary mortgage market.These are GIANT housing players, and this is hard to understate.

I know of one syndication company (not multifamily) that the founder was a pilot, and from what I have heard, a lot of the early investors were airline captains the founder flew with.

I own a mortgage company now that does both residential and commercial finance, but I spent years as a commercial banker with both big banks (First Union/Wachovia) and 2 community banks.

To minimize capital gains tax on the sale of their primary residence, your in-laws can utilize the $500,000 capital gains exclusion, potentially explore an installment sale to spread tax liability over several years, or consider converting the property into a rental to use a 1031 exchange for tax deferral eventually.

Can you explain how your company solves the partial note issue? 

HELOCs are not available because they are residential loans guaranteed by individuals and what you seek is a type of commercial loan or credit line which are available to seasoned companies with proven financial track record.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Are you currently self-managing or do you have a management company?

If you are new and don't have a clue, then I would certainly recommend them or some company that can guide you through things until you have an understanding.