Some of the rehab costs were too low (central ac 4k but did not account for duct work), needed a new roof (not included in their rehab estimates), etc.

I went to lumber liquidators and requested that I can have a personal commercial account.

She has been trying to BORROW the funds she needs $550K to pay off the Husband and another $300K of additional funds (Totaling $850K) so that she has the EXTRA borrowed funds to be able to make 2-3 years of payments on the financing (versus raiding her retirement account).

Make sure to open a separate business account for the LLC to avoid co-mingling personal and rental funds.Unless legally required, avoid getting MMLLC as it requires you to file a separate tax return.

Find descriptions of the process, and study the process.

The more states that you are willing to buy in, the greater the pool you get to pick from.Generally, notes with properties that are in states that have longer timelines to foreclose will have greater discounts to account for the greater risk and longer time commitment.

A DSCR loan will be based on the rents of the property vs the mortgage and does not take into account your personal income and debts.A vacation home loan will require that your personal income is enough to support the home and other mortgages or debt you have. 

Seems they were attempting to draft from an old bank account. 

Or it may not be a bad idea to study for your own realtor lic.

The fact that you’re actively involved in the process and looking for ways to keep your property manager accountable is such a crucial first step.