Hey Zach: Because this is BiggerPockets - I'm going to assume we're talking about agency "Small Balance Loans".

You say that it is "mostly rented"  - is that $400K a pro forma assuming 100% occupancy?

I assumed we would be able to file taxes for this LLC as a disregarded entity since we are married and in a community property state.

Quote from @Chris Seveney: Quote from @Jay Hinrichs: Quote from @Evan Polaski: @Hyun Supul, without diving too far into this, and the devil is always in the details, when I see this, I can't help but assume this whole offering is a way to for them to raise pref equity for their own deals, but wait, that won't look too good, so let's layer in some private credit, too.It says it will lend money AND invest pref equity into MF deals owned by Disrupt and Open Door Capital.Questions to ask: what allocation is going to loans versus pref equity in their own deals?  

I am assuming you are financing this deal (FHA/conventional).

You are only adding complications and costs with the LLC with no upside  This is all assuming there’s been almost zero appreciation and you shouldn’t sell tax free while you have the chance. 

It may also make it easier for your estate planning attorney to line up ownership with your estate plan, assuming a CA-estate plan if a CA resident.

Assuming he has good landlord references after that period - I see no issue with qualifying that. 

I assume that's because there aren't as many as there are in surrounding areas, so it's not really an issue yet. 

Send it to every address they give you including the current rental assuming it will be forwarded to the address they gave the post office.