How many people have the idea of buying a duplex to live in one side and rent out the other?

@Daniel Hyman good idea.

I like the screening idea. 

Any idea if syndicator does not perform, can we fire them.

These borrowers are typically out of the market for extended periods of time, have limited contacts in the debt world, lack understanding of how different loan programs work, and are susceptible to working with the one bank / credit union loan officer that they know through their family, friends, church group, college, etc.

Hey Laura,So I can't help with the true GAP funding, but I might have some ideas on how I could help utilizing the seller financing and transitioning it to something long term. 

Any ideas on what I could turn it into to help generate some extra profit?

Furnishings will be some months down the road, but love the marketplace ideas and fitting the setting of the place. 

The remaining $150K in this case is still eligible to be offset by any NOL from my rental properties from LLC #A.You already explained the basic idea yourself, so there is no need for us to do it. 

BTW one other idea about treating LLC as partnership: You'd want to see if the pass-through-entity tax helps you out here.