Curious if this is normal practice or in other management agreements people have signed? 

When I pointed that out, they suggested I instead setup my credit card as a vendor, and enter each charge as a bill, which would then fix the assets and liabilities issue.  

It seems you and your husband have the ability to make a property more desirable and I would try to stay local for the same reasons you listed. 

That is one of my moves is to report Baselane to FTC for such fradulent practices, despite covered in footnotes in terms and conditions.

for sure its legal as long as you use an MLO to do the loan and adhere to dodd frank rules for qualifying the borrowers ability to pay.. 

A formal business built on this seems overkill as you’re essentially paying someone for a service that already has standard model.If you and the parnter have distinct business tasks/abilities (i.e. not what you would hire an agent or contractor for), such as off-market lead generation, that’s a different discussion.

I am inclined to believe this is the chief complaint and they either have another option or underestimated their ability to adjust to a rental. 

Other types of sellers that are making deals easier to get done are those with assumable debt available, and sellers with the ability to seller finance there properties.

And he has a great ability to only attack the problems which will be most impactful. 

You also have the ability to re-amortize the loan to suit your timeline.Let’s say I have a $500,000 interest-only mortgage on a property.