While this guidance provides general steps, it’s not legal advice; an attorney will ensure the process aligns with your specific circumstances.This post does not create a CPA-Client relationship.

So it's a loan....You just detailed a loan. 

Work with the hard money lender on the terms of the loan so you can get a 90% loan and the hard money lender will reimburse you for the rehab costs. 

Zelle has monetary limits and the federal gov. sued Zelle for failure to provide its users from fraud.8) Understanding your local landlord-tenant laws, so you don't make a mistake or get taken advantage of by tenant--follow landlord mentor advice9) How will you handle maintenance issues?

Just because the property can close in an LLC with a DSCR loan, does not mean the loan is made to an entity.

The URL provided above will take you to official statement that RAD has provided to the SEC.

We also have many unique buyer incentives where an investor can get up to a 10% price reduction to come into immediate equity, or get that 10% as a cash back at closing to reduce your down payment and increase your ROI, or buy rates down into the low 4s on 30yr loans to maximize cash flow.

I would get a bridge loan to acquire the property if it needs to be rehabbed and/or closed quickly.

There are DSCR lenders will allow only a single 20 or 25% owner of an LLC to sign a Personal Guarantee (other owners are not on the loan, or liable for the loan).

Refi the house so they can continue to live in it, they will get the best loans on their primary residence.