I think your mortgage broker should be able to get an exception that rule is to stop you from flipping it, I am sure Fannie Mae also puts the same restriction on their deeds so that's the pot calling.

These are blood-suckers going after the pot of gold because they know there's a very good chance they can scare the Landlord into an out-of-court settlement, wherein they'll get paid handsomely.

It's more important for this project to succeed than I can tell you.I know any investor is going to want to see detailed business plans and drawings for the project's design, but I certainly can't afford to hire an architect to draw up a layout.In short, I am in the same position as a man who needs badly to relieve himself and has no pot to catch the stream.

I would either request the price for you be reduced 3% since the they will not be paying a selling agent and the net is the same for them, or have an agent friend submit the offer on your behalf.

Net is ~$18K.I think the cash flow has given me the real estate investment bug and I want to start building my portfolio.

Those type of horrible random events WOULD NEVER happen to you because you are a good responsible person and you care a lot.A more intelligent argument would be:  I'm a good landlord so my pot odds are so low of successfully being sued that I don't want to bother with the cost and hassle of forming a LLC. 

Pot Filler For The StoveThe lives of the people are getting busier day by day and you need the right equipments that not only make your tasks easy, but they must also provide the right purpose.

You don't have to sneak over at night to see where the pot smell or noise complaint is coming from, etc.

When I said someone that could produce viable results, I was referring to someone different than the others that just take your money and give you basic stuff you can find on the net. I

@Ewan Tong  on the face this is fine and done every day.. and the LLC allows for uneven distributions.As Bill states though banks generally will want anyone with more than a 19% interest in the LLC to be on the loan and if a PG is required to PG.That said if your credit partner is strong enough then it should work fine.You may have to sweeten the pot a little for your credit and state side partner who I would think is going to run the show.