The issue is if you do not know how to read it or understand it, it could be written on toilet paper and be worth that value based on how the owner does their books. 

The borrower outlines there plan and dates and it is set up with the LOE in the file but in most cases where the bank holds the paper/loan its sent to the credit committee for the final approval and we close. 

Everything sounds legit and looks good on paper, but...I wonder if anyone hear has heard of them or has been a part of the training.

More time/paper/brain burden than financing with a local bank.Seller needs to have better documentation and cleaner books generally.

Now the listing agent looks like he can't bring in any serious offers to the seller.Another version of this is the offer comes in verbally, then when it comes time to put it in writing the buyer has expensive or unrealistic contingencies.It only takes a few minutes to write up a contract.A verbal offer is worth the paper its printed on.

A quick google search says they may or may not but would have to provide extra paper to find out.

Do not take it out of their rent, pay them with a check so you have a paper trail for your write off to the tax man.  

You could also look at selling the "paper lots" in advance of building out the infrastructure, but that depends on your financial ability to take this from dirt to finished product, and ultimately for holding long-term if that's the goal.

I dont intend to deny. however, I have not had any inspection done/put in the paper work to be assigned as section 8 housing designation.

I only asked about the template to give me a general understanding of how such an LLC might look on paper.