LOLSounds like he is getting in way over his head if he has no experience in owning or landlording even with your help.To answer your question The bank will most likely not allow you to remove your name from the LLC they will want you to be 50% on the LLC, they may even want you on the note to personally guarantee the mortgagee.This also could be very disruptive to your relationship, no matter how close you two think you are now.

It's unbelievable how much damage they can do and how disruptive they can be to a neighborhood.If you were near a serious college where students are there to study, you'd be safe to take graduate students and probably even upper classmen, if you had a grade point average requirement as part of your written criteria.

I also have several 'disruptive' industry ideas, and am looking for savvy, well connected industry insiders to network with.ATB :-) Scott

There should be some turmoil regardless of who wins, but President Trump will cause some major disruption for REI if he does what he says.

He screams and swears at them at the top of his lungs which is very disruptive.3.)

You're going to wind up with a property that has at least a few significant issues, high tenant turnover, and constant disruptions to your cash flow.  

And the fluctuating prime rate is still always going to be less than what a hard money lender would be willing to offer.Also, yes do not touch the long term debt @ 3.75%, that's just about as low as you can ever expect to pay on a mortgage so why disrupt that?

Hopefully you are pre-screening so that you have less appointments to coordinate and less disruption to the tenants.

I have made more money with much less disruption since I've had them.  

Hi @Aaron Thomas, you're definitely doing the right things by starting here, looking to build a strong network, and looking for people to steer you clear of the costly and disruptive mistakes you can avoid.I'm in your area, so I'm happy to have a phone or coffee chat with you to share some of my network and experience.Connect with me on BP and LinkedIn, and give me a call.