.- Tenant Accountability: Many programs have strict guidelines for tenants, and breaking those rules (e.g., property damage) could jeopardize their assistance, encouraging them to be responsible.- Inspections: Some programs require annual property inspections to ensure compliance with their standards, which can occasionally be demanding.- Damage Risk: As with any tenant, there’s potential for property damage.

Well, what would be happening is that your buyer would be buying your house subject to the existing note, since you can't legally sell the property without paying off that note or transferring the debt to the new buyer.

What happens during periods when the demand for legal work is lower?

If you need me delete my posts I have no problem I am not trying to give you a bad review.I was offering my opinion based on knowing you are "Not a lender" so for me seasoning and being familiar with guide lines is crucial in offering an investor the right guidance and direction for financing.

As for the legalities of setting up an LLC to protect you and your partners, I would consult with an attorney for best judgement. 

It is an expense, but they keep it all legal and compliant.

I am too lazy to look it up, but pretty sure it is legal.

Also you can find lenders that are a lender (have their own guidelines and terms) who can also broker to make sure you're getting the best of both worlds. 

TIAOne can walk away, or file legal actions.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.