Can someone explain something about the buy, borrow, die concept of avoiding income taxes? 

Our strongest case is that our bank appraisal says it should be much lower.

We refer folks to bank-type lenders regularly throughout the year when that make more sense for our clients. 

Depending on the loan product, you may be able to exclude business debt once the business has paid the debt directly for 12 months.The income and losses related to the operation of the entity will affect the income side of your DTI (like Jay explained) if you own 25% or more of the entity.

I think you’ll find any bank will want 25% on it.

You both have explained it perfectly.

All programs have LLPAs but that's more so any bank's individual guidelines and overlays to specific product pricing.

.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.

Two doors doesn't provide any sort of scale to make the cash flow more predictable. i would think hard if this is really worth your time, money, and effort...please explain the quote about two doors? 

Explain your situation, your looking to "get in" and would love to just buy em a coffee and pick the brain of a local "pro" for a bit if possible.