It's really important that you work with an experienced loan officer or broker, especially on a time sensitive purchase transaction.

When buying at auction you will have zero ability to sue (and win) an auction site if information is not correct. 

If there is a due on sale clause in the loan doc then it doesn’t matter what the loan officer told you verbally.I’m not an attorney, but from my understanding of the loan is still in your name personally a good litigator can pierce the veil and your LLC protection wouldn’t amount to much.

If the case was substantial, I would imaging your lawyer could subpoena the officers to have them testify to what they witnessed. 

Your best route might be to buy a 2 to 4 unit property that you can live in and rent out the additional apartments.

Another cool thing about that is that most their properties are in the low 100s, which means that I can buy 2 of them, and then buy another every time I can gather 25k more.

My local code enforcement officer is happy to take calls. 

Can you buy a house and be within reason of what your current rent? 

What special purpose equipment do you have for an ADU/Office that required unique wiring for it to function? 

He’s only 55, he can enjoy his retirement, golf, etc for a few years and buy back in when he sees a good opportunity.