Despite the fact that I only owned an 8 unit building (purchased last year) and had never used Agency financing, it took us just over three months from application to close.It was quite an experience but I had good assistance from the folks at Red Capital on the Freddie financing - they walked me through a lot of the process and gave me a good idea of what I needed to do. 

Because a red flag in one of their underwriting audit platforms came up, in essence, it doesn't matter what is and what isn't on title, if there are violations from the city stay away from the deal or have enough capital or 203k upfront to make them go away.Luckily in this situation, I've been able to get the brokers on board with 203k (which I didn't think was possible when I started this post).

Then the property title would be transferred into the LLC, thus giving you checkbook control over this and any other assets you will purchase in it.Here are some of the Checkbook IRA benefits:Ability to execute transaction directly without going through custodian or IRA Administrator, simply by writing a checkEliminate transaction fees and asset based fees (you will need to pick the right custodian with proper fee structure, the company you will chose to do this for you will help you make that selection)Eliminate delays and 'red tape' that often comes with having a custodian handle every single transaction, you can act on best investment opportunities immediatelyHope this helps. 

Something must be wrong with your FICO credit score and I highly suggest you pay to see the actually score and what is under it. sub 600 means there are red flags in there (late payments, defaulting on loans, or collection). 

If not, you should do that next time.There are things that are not apparent from a walk through such as roof issues and other things that should have put up a red flag to the agent right away (knob & tube wiring, stairs without railings, broken walkways, etc.). 

Notice the density of red fist icons:Here's a map of both areas at once, with only violent crime displayed for past 6 months:Which area would rather live in?

What are your red flags, or your "this person is good" flags.Thanks!

If you KNOW you can do that adequately, the neighborhood is not a red flag. 

And I'm assuming you'll have miles of red tape with local municipalities on this as well.

The owner likely won't care about your garage plans one bit so you'll need to be prepared to deal with a lot of red tape and to cover every dollar required to relocate it.