You are suggesting a "blanket loan", I have done a few of these.If you are going to do this, you need to negotiate releases otherwise, when you sell one of those properties, the bank will take all of the potential proceeds.Negotiate terms that state when your loan balance is reduced to a certain amount, the lender release some of your collateral.Failure to do this will lock up your properties until the loan is paid off!

So my questions are:a.) what questions do I need to be asking of the ownersb.) how do I go about getting solid info on the property, re: liens etc ( I do know about the authorization of release from the bank/mortgage holder).

Also, what happens when you want one released to sell?  

I think our lawyer is just overly cautious - says that if the LLC want's to be shady they can shut down the operation and instruct for our deposit not to be released from escrow.In any case, appreciate all the advice - we agree with all your comments and that was our gut feel but always nice to hear some affirmation.

This includes typing their name in the signature blank for the release of information disclaimer.

When we focus on the moment to do the task and not the outcome, it releases anxiety.

I put together a chapter in my book to be released soon on title searching.

Old news:http://www.thetruthaboutmortgage.com/the-3-down-pa...Edit: Yes, I know that's a new story, my point is this has been available for a while now; Wells Fargo just turned it into a press release.

I wrote a book on this that was released in January called Cashing In Tax Free.

The part that concerns me is the shingles with the caulked edge, if there is no step flashing under the caulk, you are almost guaranteed to have problems when the caulk releases, cracks typically within a few month to a few years depending on the sealant used.