Is it possible that you got quoted title, insurance, escrows, recording fees, etc. that were less than the actuals?

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

I don’t think this is the borrower homestead since the records have a different owner address than the physical address.This is confusing because we aren’t buying a foreclosed property, we would be foreclosing to take possession.

@Paul @Paul Hurtubise especially family, it's not a law and you can do it yourself, but yes record a second deed of trust if you want money from them.Good Investing...

It wasn't until we checked in that the deeds happened to be recorded.

Once you have the LLC set up with the DCCA, you can just record a quitclaim deed with any escrow company, no lawyer necessary except to draft the deed. 

Washington was the first recorded deeds of smaller parcel transfers; additionally he also surveyed those parcels himself. 

I think if you keep good records and stay organized you can certainly do your own books and taxes until you have more units.

Also, review utility bills, insurance policies, maintenance invoices, and property tax records to cross-check reported expenses.

To access non-recourse financing, your company might need to show a strong track record with larger projects, substantial equity, or seek alternative lending sources like institutional or private lenders.Happy to connect and chat further if you'd like.