@Bill WagersI would not do a contract for deed on a bar as you remain owner and thus could be liable for issues with the propertyI would do it as a sale and seller finance the property so the estate is no longer on titleIn that instance may not even need a LLC

Detroit, Tigers, Lions, Pistons, Red Wings, massive Cobo Hall, world famous coney dogs, etc...

For instance, DSCR loan interest rates are determined by LTV and credit score, functioning much like coordinates on a graph (think X any Y axis).

Of course, you can also combine both and buy, for instance, a four family that is all 2 bed units.  

For instance, in the past the NAR looked at average prices of homes sold with and without realtors and attributed the difference to the use of a realtor.

Then just did what we do either rehabbed sold  or in one instance tore down and built 8 units etc etc..

I have Hospitable and Bookingautomation for instance yes I could probably do everything in there except automatic looks but I really like Hospitable app for my VA.  

Make no mistake; people from both sides of the aisle would use this program if made available. was the point to build 3 mil MORE homes than currently being built.. that will be tough given supply chains and manpower and zoning and land use rules.. your not going to for instance in Oregon bust the long standing urban growth boundary rules without revamping the entire states land use process's and laws.. plus what kind of housing.. ??? 

And when you sell it if you meet the primary residence requirements the profit is tax free.It is possible in many instances to own successful rental real estate that generates real dollars in your pocket but operates at a loss for tax purposes. 

In your instance the smoke and mirrors seem to be hiding fatal flaws in the deal.