Also, if you have a slip and fall and decide to sue your LLC, you have added liability protection.

You can exchange ideas with your agent and have him work something out with the other side through conversations but once you all agree on a plan you MUST GET IT IN WRITING so everyone is legally bound and your EMD and interest are protected. 

My company would essentially do everything for the landlord: paperwork, finding the buyer, rigorously vetting the buyer, payment setup, delinquency protection, and anything else that comes with owner financing.

They will verify the numbers using the steps that they have in place to protect both you and them from a loss.

But states are passing laws to protect uneducated people just like your 2019 self.

We also know how to protect foreing investors when buying in Mexico, we advise to work with an ESCROW to protect both sides buyer and seller.

https://www.rustoleum.com/product-catalog/consumer-brands/zinsser/celing-paint/ceiling-paint

I do not say any of this to discourage you but, to protect you, be smart!

The property was finally sold to a developer who built a 3-story structure housing 6 condos that sold for half a million each.Getting variances is quite time consuming in our area and I attended quite a few community board meetings which one has to attend before going to a zoning board meeting.

There still is a tendency for DSCR Loans in particularly to get lumped in (throughout securitization) with other "Non-QM" loans, mostly owner-occupied when they really shouldn't be in my view, further a lot of the "tech" and software, systems buildout (including loan doc generators) are based on consumer resi which creates a lot of headaches.Anything rehab/construction related though (which is what the original post appears to be more about) is a different animals though - experiences are likely to vary markedly by market, lender, bank etc quite a bit