The later is critical to protect your investment.

An investor always needs to protect themselves and NOT rely on what others tell them.I don’t think we’re talking about the same thing.

In the NE states, AKA tenant friendly states, I would always have a PM to help protect my interests.

Then you get a servicing company involved to service both loans to make sure they get paid.The buyer in a wrap mortgage is just as protected as a buyer in a regular mortgage.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

There are thousands of pages on consumer protection laws and regulations that depending how you go about doing a subject to could be against these laws and regulations. so like most things - is itillegal - it depends.  

An emergency fund needs to be liquid, and immediately available to you in addition to being low risk and protecting principle. 

You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.

However, since you put the asset into an LLC, I am going assume you care about asset protection and further this discussion just a bit.My advice to you is to seek out local banks where much of their business is derived from commercial lending.