Disregarding the whole seed capital argument, finding a business partner is finding a business partner.

All of the operating LLCs are disregarded entities, thereby allowing me to file one K-1 on my return, even though I have mulitiple properties.John Anderson I've seen a few of your post on different threads.

Anyone can read secondary market guidelines but that's only half of it, there is the application of compensating factors in a prudent manner and judgment that can be defended.As an example, say a borrower has a total debt ratio of 47%, outside most guidelines, but if a debt is dropping off in 8 months (6 months is the limit to disregard the debt) and the ration will then drop to 34%, I would justify that if there were other strong factors of income and credit was decent along with good employment history.

This is similar to a cram down where a court may adjust or disregard old liens in an order.I have never heard of anyone who was a borrower taking this defense to be relieved from the debt, but things happen in life.

Obviously obtaining financing is mission critical.LLC's with one owner (member) are "disregarded" for tax purposes.  

It's a state entity, not a separate tax reporting entity- it's disregarded. 

If you are going to be the sole owner of the LLC, the IRS will treat it as a "disregarded entity" for tax purposes.

Do you simply have them sign the rules and a statement that they are liable for disregarding rules or enforce the rules.  

Anyone selling to Fannie/Freddie, gotta wait six months to use ARV and disregard purchase price.Anyone that is NOT selling to Fannie/Freddie, you will know quickly because they aren't offering Fannie/Freddie rates and terms.Anyone promising Fannie/Freddie for a non-saleable loan, like the guy now not returning your calls, screwed up (and maybe is not returning your calls for that reason).

Need to find out if it needs to be a single member disregarded entity or not.