Account Closed It will only show on your credit report if the person who is holding the notes goes to a servicing company so it is recorded.

That could be a PM or you can hire a person to work full time for you. 

How we purchased our property: Combination of Savings, Personal Loan with interest from a family member (4% interest) and a cash loan from Wells at about 8%.

To a point made by another person who commented, you may be able to have a lender do a 'one-off' portfolio loan at a 95% LTV if they trust you enough . good luck.

During this 24-month period, the property must be rented to another person at a fair market rental value.After the 24 month period your sibling could convert it into a primary residence.

This could give you the cash you need for the purchase and also eliminate your personal guarantee for the loans.

Did you have to jump through so many hoops and provide this level of personal information?

I’ve only had 1 person look at it.

If I had been tracking the assets via accounting, I would simply make a journal entry showing the LLC's assets and liabilities going to zero and transferring them to the Holding LLC or the LLC Members.

I am days/weeks away from trying it at my personal residence.  3500 sqft but only two people using it, so not sure how good of a test it will be.