Will the title company put this property under our LLC name, and won’t be required to legally inform HUD/tax authorities. - will it influence property taxes once we move to conventional loan in 3 yrs? 

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

If not, don’t even think of this.No matter what, consult a qualified lending attorney to understand your legal options and ensure you have proper loan documents in place to protect your investment.

- Also, what is their networth, so they are legally collectible for the guarantees?

I learned so much along the way, including navigating the legal process needed to remove previous owners (squatters) who did not want to leave.

As European residents, we directly manage investments, leveraging the fiscal and legal advantages available in the EU.

Memphis can change quickly and can definitely be more street to street in a lot of cases and not necessarily zip code to zip code or even neighborhood. 

If you know of any legal entity in TX that can help in a case where GP is not doing their job (maybe a branch of SEC), please let me know.TIA

Caveat emptor definitely applies! 

But I've seen some solid properties in Akron as well that had good cash flow, but definitely seeing rents in Cleveland a bit higher right now