We've seen this soooo many times in our Detroit market:(Have actually had owners choose not to do business with us because their previous PMC didn't require it - so, they thought we were the incompetent ones.Have also seen incompetent PMCs wiring funds internationally to owners - and these owners not having an ITIN, EIN or SSN!

Check on sites like BiggerPockets, Meetup, and Eventbrite. 

Should we rather buy under our name and then transfer to LLC?

I recently did one where the lender did allow it but that was because of our position as a great customer of the bank and our impeccable credit record.  

As GPs, we owe it to our partners and stakeholders to keep communication clear, honest, and consistent.

We're currently renting downtown and looking to get started as first-time home buyers in an owner-occupied duplex situation to start our path in rei. 

@Joshua ChristensenThey were part of our community briefly.

We have been keeping our eyes and ears out there for the past year. 

Because the balance in both my wife and my 401K's are greater than $100K we have the option to take out loans up to $50K for use on our properties. 

I'm still figuring out how this site works, but I'll be in touch if I hit a wall!