There could be another way around it, I don't know.The method that works best for me is signing a JV (joint venture) agreement between me and the wholesaler.

Add to that the documents that must be a part of any closing package and a full understanding of what those documents must contain, when the borrower must get them, as well as those things a lender is required to check before making a loan.Lending on real estate or a manufactured home that you did not actually live in before you sold and financed it has become very complicated, and the new federal agency, The Consumer Financial Protection Bureau intends to enforce both state and federal laws through a new joint agreement being signed with all the state attorney generals, and several other federal agencies.As much as I dislike writing this because I know people won't like it, the reality is the internet is not the place to get information on lending law.

So After closing I went to the building and it was apparent that the tenant was doing nothing at all grass was knee hIgh !

It sounds like what you are discussing is a Joint Specific LLC, which is a great strategy that I have outlined in this article in the past.

The SoloK, for instance, allows you to use a Saver’s Credit up to $2,000 ($4,000 if married/filing jointly).

They're flat panels with little plastic pieces for all the joints.

I call it Control and Roll. sell one of your properties to raise cashput together a friendly joint venture - each member contributes some cash - 10 members at $5,000 should give you some buying power.

A few of the buildings the portfolio are owned jointly by me & some medical professionals from the West Coast actually. 

You'd be paying twice.From a legal perspective, you're talking about a JV (Joint venture), which is a legal document (3-7 pages), similar to an LLC but specific to one project/flip/property.

The maximum number of financed properties that are permitted is based on the underwriting method, as described later in this topic.The financed property limitapplies to the number of one- to four-unit residential properties where the borrower is personally obligated on the mortgage(s), even if the monthly housing expense is excluded from the borrower’s DTI in accordance with B3-6-05, Monthly Debt Obligations (01/30/2018);applies to the total number of properties financed, not to the number of mortgages on the property or the number of mortgages sold to Fannie Mae;includes the borrower’s principal residence if it is financed; andis cumulative for all borrowers (though jointly financed properties are only counted once).The following property types are not subject to these limitations, even if the borrower is personally obligated on a mortgage on the property:commercial real estate,multifamily property consisting of more than four units,ownership in a timeshare,ownership of a vacant lot (residential or commercial), orownership of a manufactured home on a leasehold estate not titled as real property (chattel lien on the home).Examples — Counting Financed PropertiesThe borrower is personally obligated on mortgages securing two investment properties and the co-borrower is personally obligated on mortgages securing three other investment properties, and they are jointly obligated on their principal residence mortgage.