At minimum, a note and lien instrument. 

BP has be instrumental in what I need to know.

For purposes of this section, “electronic funds transfer” means any transfer of funds that is initiated through an electronic terminal, telephone or computer or magnetic tape so as to order, instruct or authorize a financial institution to debit or credit an account but shall not include any transfer originated by check, draft or similar paper instrument.

Looking forward to insights here from folks who have done this recently - ie. taking conventional loans and transferring them to LLC with lenders' permission.Here is the verbiage from Fannie mae website - "a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Reference/Source: https://servicing-guide.fannie...

Around 5 mile radius of Domain you have the new & old apple campus, Tech Ridge (GM, Dell, Samsung, Blue Apron & several other companies in Parmer Village) and other software/ hardware companies (Visa, Paypal, Ebay, Oracle, Qualcomm, National Instruments, polycom etc..).

Here is the verbiage from Fannie mae website - "a limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Source: https://servicing-guide.fannie... 

We’ve gotten along and I think he would be pretty instrumental in getting it rent ready.

It is the terms of the original loan and what is really wrong with the property or the seller.I am dealing with a vendor who filed chapter 11 now.. and he did a bunch of these equitable interest things.. the BK court and the creditors are not recognizing these as legal instruments..

That was instrumental for me as I transitioned from single family residential loan type products to 5 units or greater in one complex Commercial loan products.  

You hopefully won't need all, or even half, of your funds but this will be an instrumental purchase for your investment future.