Hey BrentWelcome to BPOne thing I often hear people say is that single family residences and up to 4 unit homes finance based on the buyers credit worthiness while the larger deals finance based on the merits of the deal.

During times when banks are risk-averse and reluctant to lend money to any but the most creditworthy borrowers, seller financing can make it possible for many more people to buy homes.

If there is a wide disparity in credit worthiness, then the person with the better credit should have more than 20% ownership in the LLC.

Lawyers call this financial binder “legal consideration.”The difference between the amount the bank will finance and the sales price.If you are financing a property, depending upon your credit worthiness, a bank may approve a small percentage of the purchase price as a down payment.

The customers obtain a Proof of Funds letter ("POF") from the bank, which they can use to improve their apparent creditworthiness when applying for loans or seeking credit from lending institutions.

@Matty Foley Last thing: Of course the Borrower(s) would need to be credit worthy and the loan would be subject to underwriting.

And I do need to know the credit worthiness of the additional tenants.  

The number of mortgages by itself is a meaningless number and by itself is no indication of credit worthiness or non-credit worthiness.Once a person gets to the 10 limit, the next step is for their spouse to get 10 more mortgages.

Have you checked out the credit worthiness of the "buyer" / "borrower"?

Maybe with a few properties it would be manageable but for 300+ it would have taken too much work to transfer payment data into the forms required by the credit reporting agency every month.It's too bad they make it difficult because rent is typically the largest payment made very month and is a great indicator of credit worthiness.