Participant Loan.

In the past 8 years, I have bought 3 investment properties in 2 different states using 3 different loan types and they have been a great success.

Any tips on structuring this with a secondary loan or financing approach?

Mike licensed Mortgage lender who can do residential owner occ loans is what a RMLO is.they are tough to find because most work for a broker that will not allow one offs.. when I was current with my RMLO license I thought about setting up for this business but too much work for to little money.RMLO needs to be a state licensed mortgage lender and NMLS registered to do owner occ loans. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Financing is with a conventional loan also only under my name.I was told if I was filing jointly, the limit to where I can write-off expenses and depreciation is somewhere around $170k, but because I am filing as single, I am greatly limited.She recommended a partnership LLC where I will own the property 100% within the LLC, but I need a partner to own at least 1% of the LLC. 

So after the land is sold have the last balloon payment to get a loan on the new lot with the less land. 

What Kind of loans should I seek?

A Quad is still better due to the fact that you have 4 leases and 4 rents coming in and still can get a conventional loan. 

We would likely need to rely on a DSCR loan.