Title company will need formation docs, and operating agreement to prepare deed and title docs and lender will need formation docs and operating agreement for lien search and loan docs.

They literally went through each operating agreement and prepared an email listing out each member of each LLC and clarifying they each had to guarantee the loan despite the fact none of those entities were even being used for the purchase (which was previously explained to Dominion Financial). 

Nice to see another Big Island resident in the forums! 

Investment Info:Single-family residence buy & hold investment.

While the numbers they provide might make sense under specific conditions, it’s always a good idea to apply a more conservative approach to ensure you’re prepared for the unexpected.For vacancy, the tenancy averages they’ve shared (3.8 years for C class and 6+ years for B- class) aren’t out of the realm of possibility, but I’d treat them with caution.

Have you also checked on their current residence? 

Investment Info:Single-family residence fix & flip investment.

I get everyone wants to avoid taxes, and as a TX resident and former FL one, I am one of those.

I am preparing for a few years down the road when my kids are in/through college. 

It sounds cheesy, but the best way to prepare is to work with a friend or two and role-play.