Okay so is there a need for an LLC which has some terms in the operating agreement? 

There are no other Chargers.As for real estate, I'm a partner with SunnyNest Homes, LLC.

Not per checking account but per Ira LLC which is the “relationship” with the bank.  

Hi Dave in Northern, NJ-I am sorry to hear you have a single family rental facing foreclosure.You have it in an LLC and wonder what your options may be to delay foreclosure.Lenders do not want to take properties back and have a nonperforming loan.The best time to work with your lender is as soon as possible but certainly before the sheriff's sale.After the sheriff's sale, there is a redemption period where you can still sell it and the length of time varies from state to state and may depend on if it is vacant (avoid that for a variety of reasons), if tenants have a lease and have rights, or if someone is occupying the property.Working with the lender may not be easy but do not give up.Also, reach out to investors, who buy properties in foreclosure or pre-foreclosure, and see if they would be interested in curing the default and buying the property.To Your Success!

@Jonathan Small For Partner 1 ($72K W-2 income, 2 rentals in an LLC), hiring a CPA is advisable due to the complexities of managing rental property deductions, depreciation schedules, and LLC compliance.

No, you cannot purchase a home with an FHA loan via an LLC.

I have a cosigner willing to help, but Im unsure whether they must be in my LLC or can just be a guarantor, has anyone dealt with this before?

Then stated couldn't fund to a partnership only an LLC or Corp.

Hopefully you haven't made equally poor decisions when you created and how you managed your LLC.  

I would love the opportunity to chat with you about Uptown Firm, LLC.