Every one of the owners he is under contract with will tell you to run from this builder (law suits in the works).  

Just now trying to get things in place to make contact with owner.

Many of them have restrictions that you must owner-occupy the property for a minimum number of years - or you'll have to pay it back with interest.Also, the standard mortgage requires you to owner-occupy a property for a minimum of 12 months before renting it out.

The lender may then require your co-signers to be owners of the LLC, but not necessarily.

First, I have true daily and direct access to the 4 owners of Licensing Experts because apparently they don't and won't deal with a bunch of people. 

But a heads up...the best financing on these types of properties is seller/owner financing.

Educate the land owner on the potential profit run the numbers and go over the basic proxy and blue prints.Make sure you have a seasoned and qualified Builder/GC because they can be a deal killer with wasted time and inflated material and extended completion dates.

@Jonathan Greene I'm not sure what you mean by "most will not cash flow as an out-of-country investor" as it might suggest that the cash-flow of a given property has something to do with the nationality or residence of the owner but, in any case, you're absolutely correct that, historically, the net rental yields of LTRs in US cash-flow markets like the Mid-West have been typically higher than in the average European market, although that wouldn't be the case for many other US markets like California or New York.

I am a LTR owner, getting ready to move into the STR game.

I think it is always a good idea to interview a few different PMs and ask for referrals of owners they are currently managing properties for to see if they are satisfied with their PM.Thanks Jake