IE a little thingee that will light up on their dash that says a payment is due and if the payment is not made the car is disabled.. and of course GPS tracking so they can take the car back.. the other risk I have seen personally is you get a bad dealer and he sells the cars pockets the money and never pays you the lein holder or transfer title t the new car owner.. that is right out of FARGO.. but I new a new car dealer back in the 80s that did just this same thing.. he was a new Chrysler dealer..

I think you would be wise to locate a well versed fannie mae direct lender and talk through the logistics of who is on title and how the title of your side gets transferred to avoid any seasoning on the refinance.  

I suspect if $700k actually worked to transfer this property free and clear it would have been done already.

Do I just go transfer the property into the non-profit name? 

When you sign the Option and submit it to the county does that include all needed paperwork to transfer down the road or will escrow need to get ahold of seller to sign things 30 yrs later?

You can also speak to a CPA if you need to transfer funds from the LLC to your name.

Here are two quick and dirty ways: for the lowest interest rate get a HELOC on your home.Since it's a 5 unit you're facing commercial rates and are playing in the big leagues of financing which means you need a seasoned entity combined with personal guarantee for the lowest possible interest rate.You can buy a seasoned entity online (make sure it's in the same state) that has a 80 or higher credit score, move the entity to the property address, change all the credit lines to the new address, transfer the property into it, and get your credit score to 720+.Apply for a commercial loan if you don't want to go the HELOC route.

You might call the city for any code violations that would transfer to you upon buying the note.

What I would do....use cardboard or construction paper to make a template that fits the contour of the tub perfectly.....then transfer that template to a plank....mark it out with a pencil etc...... make the big straight cuts as needed.

I have not yet done a deal on my own but I am looking to purchase my first property within the next couple of months.So my question is, if I am planning to purchase properties, rent them out and collect cash flow for the long term, would it be more beneficial for me to form an LLC and then purchase my first property or purchase the property as an individual then transfer the property to an LLC down the road?