It seems like the real support you would receive from Pad split is them helping find the occupants/tenants And them processing the rent.

One of the benefits is that being on the loan can help build his credit, which will be valuable for his future financial goals.

It's usually the member/borrower's creditworthiness that is the issue and interferes with approval, not the LLC. 

Ain't that the truth Will.

For FHA, the underwriting guide says 75% of the lesser of A.) the leases/rental agreement or B.) the appraisal comp rent schedule.

I own a duplex with my husband and have been self managing the rentals (one is MTR and one is LTR) under my LLC.

Hey BP Community,My name is Sylvens Bellanton, and I’m the founder of Clearview Management, an investment group specializing in real estate acquisitions.

Just be careful as often Note brokers are sharing assets that are not approved by the seller to share and the assets could be old. 

Its not hard to start , its getting to the finish line is the difficult part . 

If you don’t have HOA or pay any of the Utilities. …..now the problem is in the Tulsa area that deal that rents for $2000+ mo and can be purchased “all in” for $150K is much harder to find.