At it looks like, it doesn't make a lot of sense to me.if we leave aside the equity split and the money you are bringing to the deal, I wonder where is the value creation? 

Not that it matters, but HOA’s do technically have a “super lien” But every HOA creation doc has a subordination/exception for a first mtg.....otherwise no bank would ever lend on them.

Can LLC creation help?

For us, more for a cashflow generation strategy as opposed to a wealth creation strategy.

It will all be ok.b) Go to www.mycorporation.com and get your LLC formed.c) If you buy the house before the LLC creation is done, when the LLC formation is complete, go to your RE lawyer and ask them to "deed the investment property over to the LLC".

My ulitimate goal is to have a 6-figure/yr cash-flow, but also have a portfolio of propertied which are held are for long-term wealth creation.

Min. cost for 1st project is $20MM (no max), and the development must meet some minimum requirements for promoting economic growth and job creation.

I decided to go with him for the creation of my website.

Go to the local library and check out books on LLC creation by Mark Warda or Anthony Mancuso.

.) -- including a lien on the stock of a cooperative housing corporation (a “co-op”) -- no lender can enforce its due-on-sale clause due to any of the following prevalent circumstances:(1) The creation of a lien (or other encumbrance subordinate to the lender's security instrument) that does not relate to a transfer of rights of occupancy in the property;(2) The creation of a purchase money security interest for household appliances;(3) A transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) The granting of a leasehold interest of three years or less* not containing an option to purchase(5) A transfer to a relative resulting from the death of a borrower;(6) A transfer where the spouse or children of the borrower would become owners of the property;(7) A transfer resulting from a decree of dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property(8) A transfer of the borrower’s property into an inter vivos trust in which the borrower is and remains a beneficiary and which [trust agreement] does not relate to a transfer of rights of occupancy in the property; or(9) Any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.