In these instances typically the lender will pay it to protect their interests. 

One thing lenders want you to have is experience.

The problem is that most sellers aren't comfortable reviewing purchase and sale agreements.

I will have a contractor do most of the work from now on Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Here is a solid example you can adapt for a joint venture (there are differences, beyond just nomenclature, for a partnership and a joint venture): https://templatelab.com/joint-venture-agreement/Again, I would caution use of this document without a professional to review it.

Because, the lender is entitled to know what risk they are taking with their money.That being said, on seller financing, if someone gets sued and loses, the lien/judgement can be filed at the county, (it's not automatic, someone has to prepare and send the paperwork) which the bureaus will pick it up on producing a credit report.

You can also search Google and read reviews.

I have been in real estate for over 16 years and have never heard of a lender calling a loan due because you placed it into your LLC.

Have you consulted with lenders to discuss your budget and options?

Will ask lenders bout prepayment penalties and refinancing options as well.Alex