That automatically tells the note servicer that Title has changed hands.Be very careful how you operate when using a LLC.

They look at how much the rent will be and the cash flow from it using a ratio. 1.0+ is preferred.

Anyone have experience using a FHA 203k loan in LA before?

I always suggest using a multichannel approach to marketing. 

Wilson - I agree with Kai on using a broker for this specific situation.

Which means I will still need to finance about $400k for each property at about 9% rate (the rate is high because we'll using a commercial loan as we'll be purchasing the properties under an LLC).

Also, even if you pay a premium by using a properly vetted 3rd party, its worth it if you are getting a better product.

Hi @Jaudon Smith - I have had a huge increase in seller leads using a startup company that posts ads for folks looking for custom home valuations.

This is some other type of seller financing, using a land contract. 

If it's important to be able to resell the property in the (near or distant) future, having a title insurance policy is obviously a huge benefit of using a title company, as well.