Underwriting guidelines are more strict than on residential loans, and buyers who might qualify for a condo loan sometimes cannot qualify for an individual tenancy in common loan.

Just make sure you do you research on Manufactured guide lines and requirements. 

Financing through an LLC can be tricky due to Fannie Mae and Freddie Mac guidelines.

Which essentially puts some standards in place and a good guideline for handling all things in the company. ie. company mission, telephone standards, tenant screening process, etc. 

As Vince said it is a quick guideline and won't work in most places with current interest rates and house prices. 

The 1% "rule" is not a rule, it was a simple guideline that was supposed to help do a quick initial vetting of a deal.

To expand a little on what is mentioned the underwriter's guideline, a DIL does not extinguish subsequent liens, so if the borrower has judgments against him/her/it that attach to the property, the DIL grantee takes title subject to them and may have difficulty getting them released later without payment. 

However, all properties in the funds are stable and we still feel pretty confident that things will pan out well.Our biggest gamble in all of our investing was with Goodegg.

All programs have LLPAs but that's more so any bank's individual guidelines and overlays to specific product pricing.

:Syndication multi-family investments are riskier and have less upside than gambling in Las Vegas.