If a conventional loan is only available in your personal names, transferring the lot from the LLC to yourselves before the exchange could trigger IRS scrutiny and potentially invalidate the 1031 exchange due to the same taxpayer rule.

They were rehab properties so I purchased under a construction loan.  

Keep your automobiles safe..

I want to do a bank statement loan(I'm an independent contractor)with just me on the new loan in Texas .

I did all of my loans with small local banks in my area and was always happy with the rates and service.

(note that there are seasoning periods with loans - shorter with DSCR loans, and longer with conventional. 

Having your son involved in the loan, title, and insurance policy does have both benefits and drawbacks.

Hard Money loans have been the downfall of many new investors. 

Lenders assume more risk with a higher loan-to-value, so to compensate they'll charge more in points, loan level price adjustments, etc. 

For calculating IRR, use the total cost of acquisition—this would be the mortgage balance plus the 50% buyout equity and any closing costs.Regarding refinancing, assuming the loan under the Garn-St.