My mother originally agreed for me to refi some money out of the equity of a house we co own but then she changed my mind after I signed the contract on the guesthouse.  

FYI - not legal advice.If it's not a formal assumption and it's a straight sub-to, typically the seller remain personally liable for the debt if the investor defaults.Essentially, what can the investor do better than the seller after refinancing the property? 

My wife and I are on the loan now, so it is a personal loan.7.

Bank Recommendations:Chase and Bank of America are popular because of their extensive business banking features and integrations with bookkeeping tools.Smaller community banks or credit unions can offer more personalized service and lower fees, but make sure they support series LLCs.Online banks like Novo or Mercury are great for tech-savvy users who want low fees and easy online management.What to Watch Out For:Hidden fees for transactions or deposits.Limitations on the number of accounts or ACH payments.Difficulty in maintaining clear separation between the series, which could risk the limited liability protection of your LLC.Since you’re using a Series LLC structure, it’s crucial to keep each property’s finances completely separate to maintain liability protection.

We are a boutique firm in Chattanooga and every agent in our firm is personally involved in either real estate development, owns investment properties or flips homes. 

Currently, I own a restaurant in Florida that’s generating a decent income.

You would want ongoing financials personally and business wise and a personal guarantee.

Live in Florida but own properties in NY.  

I'm based out of Raleigh and personally own rental properties in Fayetteville, Benson and Clayton and could offer some friendly advice and help out with your journey. 

I want to be able to have all of each clients homes in their own personal folder and be able to add to that with various reports on each home as we acquire them/