They don't want the company to be potentially liable if an owner doesn't follow through with the inspections and repairs.After the GFC, we needed the capital investment or they would have had to tear down more houses than the thousands that they already have.

HI @Kaushik SarkarI would suggest going to the top of the page under LENDERS and then answering a few questions and from there you will be connected with 3-5 lenders and you can discuss whatever you want there. 

We are hoping to close in the next two weeks on a property that we know will *maybe* break even and more likely lose about $2K in the first year, but we're okay with that because we're getting something that we absolutely love and hope to enjoy for years to come.

Then next year buy another one.

Until i ran into it all, faced it, worked through it and got good at turning problems into profits. 

This would let you rent out the house for the next 3 years if you wanted and still get to take the gain.  

This is a large community and someone might give you some insights on the lender or the loan officer.  

Unless you have a clause in the purchase of the entity that clearly makes you responsible for the entity from the day that you buy it(Indemnification) I wouldn't bother with the LLC.Good luck man. all the best!

Welcome to the Forums, Justin and Reba!

Just wondering can you ever catch a great deal on the market  and if so what’s stopping you from taking advantage?