@Linda S.Actually this family member is staunch that they don’t want me to buy it.

This message was sent to me by a group member (I took out their phone number for privacy) but when I replied back, they didn't respond.

With them you'll have two options I'd pursue:- Work with the local lender to get you a 30 year fixed loan like Fannie that will be re sold to another bank.

I have done "hold opens" on title insurance so the policy could be re-issued after a fix and flip at a lower cost.

Until you get real financial statements those can be relied upon pretty much.

The Managing Member is the manager of the entity.

Hi All, I am a pro member. I

Keep in mind the entire front lawn needs to be re-seeded etc. 

Speaking from experience when they sue they still name you personally and if the claim or damage is big enough they will pierce your corporation.Get an umbrella policy and don't worry about an LLC until you have quite a few properties.Another thing to consider is sometimes when you transfer to another entity you may be re-assessed your property tax.

The information contained in this post is not to be relied upon.