You kind of jumped the gun with the purchase in evaluating the entire picture prior to purchase, but it is what is right?

They are definitely that type - their excuses are always poorly-reasoned, convenient, and kind of dismissive to be honest.

This would be my first foray into multi-family of any kind and I want to be sure I'm not missing something. 

Don't invest in low class areas and you won't have to deal with that kind of stuff. 

What's the official term for this kind of deal? 

(I know it's hard without seeing the full rent roll and financials, let me know if there's any other general details you'd need that would make you this "oh, that's why they offered that" kind of thing). 

Either have a trusting relationship, an agreement of some kind, or have some kind of incentive leverage like Jerryll has built.

I've only done one of these and the seller was well versed and kind of led the way so now it is my turn to get educated on it 🤓After lots of reading/listening/learning I am wondering why do we all tend to use LLCs more than Land Trusts in Florida?

I have been struggling to get any kind of loan/funding.

—creative financing can open up all kinds of options!