They seem identical to me with the difference being that i need to check against Dodd Frank for seller finance, but at the same time I can take title and claim the asset and equity on my balance sheet.What are thoughts on using one vs the other?

Many of the questions were nearly identical to the questions in the state exam.  

But then again these guys should know this and have this done before presenting the product.The other major issue you have if this was C or D class Is THEFT  in most cases the TK guys I finance will not put major appliances into the homes until the tenant  moves in..

Welcome Chad Benedict I'm closer to the Ft.

False ID, breaking and entering (with witnesses), burglary (from your tenant), grand theft (from you). 

If your multi family is in a less desirable area expect vacancy, maintenance, theft and vandalism.  

An identical, moderately renovated property nearby is renting at $1550 for 2br and $1150 for 1br.

I have done a bunch of funding up in Kokomo IN.. for properties that would probably be considered C class and defiantly hit the 2% rule.. but you don't have the theft issues ...

Had almost an identical amount budgeted for the rehab and almost the identical amount actually spent.

I have not had a problem with damage or theft from anyone that I have given access to a property.