Originally posted by Derek Nienaber:Hi Bill,"You can provide a loan modification approved by the bank to be accomplished immediately upon the purchase of the note, this, along with the waiver and request for the sale by the borrower takes the bank's liability away selling a note to a non-banking/mortgage broker type buyer.

I would imagine the bigger loan origination companies out there who underwrite like robots because they are lining up the sale before closing  will be the exception and require those docs up front. 

The only LLC you'll be able to form is a "disregarded" LLC, which means it gets traced back to your SSN for 1031 purposes since the original property was in your name. 

Originally posted by @Vaughn J Smith:Dan, thank you for that.

Not the best thing to do - I should have raised it originally for a higher amount.

Originally posted by :What your accountant missed is a checkbox in his software.

We've gotten great residents who we met despite their original search on FF being way below market.

He also stated a 3% origination cost. 

The landlord was originally trying to charge us for them to hire someone to come and paint the rooms before moving into the premises, we didnt agree to that.

We were one week over our original schedule (unfortunately our budget was much further off and my most off budget ever).- is your mentor unable to provide referrals, insight, assistance?