You also should list how much $ you are putting into the deal even with ownership of the lots as depending on that equity a lender will require you to start with your own funds. 

No doubt there is money to be made, but the state has overstepped any sense of ownership from the landlord.

Lastly, I would imagine that with all of the small business ownership involved, there's probably a local bank that already has a UCC filed and is unlikely to play ball with a private lender who's trying to realize their collateral.

The person I spoke to didn’t want to give me her husband’s name who is on the lease because they’re getting divorced.  2. lived in a duplex that changed ownership, I called them and sent a verification form over.

If that's your goal, you want 6-7 homes that make great rentals - low costs of ownership & maintenance, high ROI relative to cash in the property, easy to rent, etc.

Transferring property ownership to an LLC also comes with legal and tax implications.

Borrowers will need to provide Articles of Incorporation and breakdown of ownership. - Closing duration of multi plex mortgage loans is typically 45-60 days and more complex transactions can take up to 90.

The trouble I'm having is what the ownership structure of Operator should be.

Investor A (10% ownership), Investor B (3% ownership), Investor B (12% Ownership).. and so on for all the investors on the note.

And as long as you work out the % ownership correctly they'll be able to complete their 1031 exchange successfully