@John ArendsenI guess technically it would be a Mobile Home Lot.  

If it's not your primary residence, I'm not sure it's technically a HELOC.  

Sounds like you have a great background to get into REI.

Background:  (5) 2bd/1ba units all about 625 sq feet with laundry hook ups and carports.  

While you aren't technically under contract until you sign the seller addendum and submit your earnest money deposit, it is bad business.  

Are you trying to get a personal loan in your LLC name, that will prove to be quite difficult.Should have no problem getting a commercial loan using your LLC.If you're trying to get a retail fanny/freddy loan then putting it in your LLC, you may get away with it, but it's not technically allowed.

:) Super Jumbo is generally up to $5m & still largely algorithmic like you are used to, larger than that it's generally done on a one-off basis.Worth noting is that technically the lender still must follow the post-recession "Ability To Repay" rule, meaning the lender can't just go "oh, 40% down, we can't lose even if we have to foreclose, loan approved!"....

My concern with the FHA loan is that she (and technically we since I am on the loan), are filing the partial claim on the FHA loan as part of the HAMP refi.  

I'm eager to learn as much as I can to create the empire I know I am meant to build for myself.While I don't have a real estate background or have all the knowledge, I do know what kind of life I want for myself, along with some great work ethic.  

Don't try to handle this yourself, there is every possibility this person has done this before and knows "the system" better than you do.It occurs to me you might hire a PI to figure out who this guy is and what his background is as well.