And, I'm not implying Steve is too conservative either!

So it implies the friend has paid rent in the past and my point is moot anyway.

I don't intend to imply that I clearly understand all the LLC/taxes rules but I have learned that if you are frequently transferring money from your personal funds to the business and back that can be considered comingling of funds and can lead to a judge or the IRS determining that your LLC is just a front and that you really have no business and loose any tax and/or liability protection provided by your LLC.Every time you contribute money to your business it must be properly recorded and documented.

I have a suspicion this one needs more work the ad implies.

Stated income implys a no verification loan....won'thappen with an LLC as a borrower!

@Sri YalamA bubble implies that there is an excess of inventory or an unsupported increase in prices.Right now, there is a shortage of housing based on the demand for living in the tri-state area...It would take a lot of building to meet that demand, which means we aren't anywhere near a bubble.It would take a shock to the system to curtail demand.

I'm truly not doing anything iffy here legally which I think was implied by another poster.

.”…..That also implies that I should getting proof of proper insurance from the SF guy, not the LA guy that is renting out his license, correct?

There may be an "implied warranty of merchantability" or an action based on "fitness for a particular purpose".You could also threaten to go nuclear on social media, but if you do, you had better be very accurate in what you say.  

Once that happens, the so call crazy rush you implied will fizzle out and be more expensive to comply than a site built structure.