These loans are not allowed in non-owner occupied scenarios. 

Hoping the experts can chime in here--thanks, all!

Tell them you agree the $5k is theirs, non-refundable to you.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

This is because losses in a Partnership LLC are generally considered passive or non-passive depending on your involvement, and the structure of the LLC can provide more flexibility in how losses are handled."

But most importantly, they do not need to be paid back.Funding Sources:Local Government/MunicipalitiesState GovernmentPrivate FoundationsFederal GovernmentFamily OfficesCorporationsWhen applying for a grant, ensure you have an understanding of the details such as eligibility, your project readiness, the purpose, funding amount, areas of funding, limitations and deadlines for the application.The prime candidates for a grant are 1) those developing a real estate project or physical space, 2) scaled non-profits and 3) certified non-minority owned businesses.Ensure you are able to provide the following documents before applying for the grant:Show site control through documentationA project description or business planConceptual drawings or renderings of the physical spaceProfessionally prepared budgets for the company and projectWhat does the grant application process look like?

He is an expert Poconos STR realtor and I believe would be a great resource for you. 

If he was truly a real company or an expert at this motivated seller craft, he wouldn't be offering you only 20 of them.Don't bother.

Read this article from the FDIC to understand the risks of using a non-bank company.

You can finance the purchase of an investment property in an IRA, but you must use a non-recourse loan, which typically requires a 30-40% down payment.