When faced with a foreclosed owner who appears calm and not highly aggravated, I derived a method to simply trade time in the property for their actually leaving the property in relatively cleaned-out condition.

If you look at all the specialized products, they all contain a halogen derivative to kill mold - look at a periodice table of the elements and the second column from the right contains all the "-ine" compounds, chlorine, fluorine, astatine, etc.

Stated income should be consistent with income typically derived from the borrower’s occupation.

I wouldn’t if I didn’t have to though, due to the opportunity for an education.Depending upon the profit that could be derived, you might just let them complete the property with the understanding that you want to minimally participate but understand every aspect of the project.

I am assuming that you're referring to some sort of calculation in which you use the fair market value of their interests and feed into some sort of discount or premium to derive an exit value.

How does one derive valuation with such different noi's?

This works well since investor's K-1s can be derived from an 8825 and you can scale to thousands of discrete apartment properties relatively easily.

The income for qualification is derived from the rents or the market rent.An ARM is an adjustable rate mortgage meaning the rate adjusts over a set time period. 

We ran my numbers past the RE agent we were using and listened to his input to derive a number for our underwriting.    

So the LLC prevents, provided no pierce of veil, liens and seizure of personal assets deriving from the assets inside the LLC.