She is required to disclose it.

In those cases, the title company guided us on the necessary steps to resolve the title issues, and we did whatever was required to close the deal.

There are certain things that require experience that DIYers just can't get right or spend way too much time trying to do.

Jacob,The advice you are getting from this guy who is "in lending" is very vague and is not covering all of the fine lines that manufactured home financing requires.

An LLC with 2 +members does normally require a 1065 filing. 

The states that I know require you to try to mitigate your damages if a tenant breaks a lease early.

These all require applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also require information for the previous landlord of all applicants…Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifying income…Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment…AssetsWe are one of the few management companies that requires a bank statement as part of our application process…Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX)…UnderwritingTraditionally, landlords have only looked at the income of applicants…ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious…

I'm not opposed to section 8 (I have section 8 properties) but I would prefer to avoid it for this one.

6 Mistakes Every Co-Living Investor Makes& How to Avoid Them1.

@Phil Petite Forming an LLC in Tennessee is recommended if your rental properties are located there, as it simplifies legal compliance, avoids the need to register as a foreign LLC, and aligns the LLC with Tennessee's laws for property management and tenant disputes.