The $34k in credit debt would remain under me as I'm the mortgage holder of this house.  

Even the awful idea of 0% just to stay the only lien holder.2.) 

Or just start with the current mortgage holder and see if they'll give you a HELOC.

One person said each SDIRA account holder reports the TOTAL assets in the newly formed LLC, the other said to report only the SDIRA account's total assets in the newly formed LLC.

The 1031 holder buys part of the deal as a TIC with the Syndication LLC. 

Perhaps you could wholesale some of his deals to up and coming buy-and-holders, and maybe instead of an assignment fee he could give you a good deal on a property or two to hold yourself.

Their SOP actually seems pretty easy and straightforward - they will create a lease addendum to reflect the new PM/security deposit holder (me).

Your first loan holder removes the lien on the title, the refi comes in as the first position and then the original loan moves back into the title as the second.

1st lien holder needs to apply for surplus with the clerk of court.

I'm not an attorney - just sharing what has been explained to me.As to transferring the interest in the Note and Deed of Trust that is normally done with an Assignment to the Deed of Trust (which is recorded) and an endorsement/allonge (not recorded) to the Promissory Note from the holder (in this case their 50% interest) to you.