Bigger Pockets has been instrumental to my real estate investing start and I am sure it will be equally important to my growth.

I'm having difficulty creating the hyper link, but Alyssa Strom (realtor) and Tim Swierczek (lender) have been instrumental in helping me get going.

The C-Corp would serve as the instrument for disbursements for investors.Any and all feedback is appreciated, and I’m happy to answer questions to help clarify my goals if it helps.

However, I see the following on Fannie Mae's website:Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer: A transfer of the property to a limited liability company (LLC), provided that:- the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and- the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Note: The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.What am I missing? 

A lot of terms thrown out there already that are probably more applicable (payback period, etc.) but another one thats used (primarily in debt instruments) is duration.

We brought on another partner who was instrumental in working with the seller regarding the seller financing portion of this deal. 2 units are vacant that need some moderate tlc that should be able to be tackled in a weeks time.

A carried back a note, but did not record a deed of trust or any security instrument.  

Dodd-Frank is a U.S.A. instrument and has no bearing here.Your lender is not likely going to allow you to refinance beyond a 75% LTV (in which case, you are tapped out) and never beyond 80% (which gives you little in the way of a down-payment - 16.5K).As mentioned in my response to Chad above, you can probably use some of the Tenant/Buyer's deposit, but you would need to have a "plan" {read: access to {near} liquid assets} to come up with the refundable portion of the deposit in the event that things go south.

The other reason you can use it is that this loan or 401k loan is considered to be "secured," funds since the funds are secured by your 401k and your job.The main advantage with 401k loans is that the min monthly payment on this loan is not counted in your DTI or debt to income ratio this is the case with all funds borrowed from financial assets which include other financial assets like loans against:- permanent life insurance policies like universal and whole or mutual whole life insurance policies (not term since term life does not have cash value)- stock and bond portfolios- CD's- cash like instruments like money market- cash value positions in options/shorts/etc- retirement accounts like 401k, 403b, 457, defined benefit (DB or "pension," type plans) , and other defined contribution (DC) plansHope that helps.

There may be a little misunderstanding of the instrument (Land Contract / Contract for Deed) on your and Meg's behalf.