I am not talking about partners in your syndicate, LLC, general partnership, S Corporation or investment club.

We are trying to line up a lender at the same time we are searching for our next deal so that hopefully we have a lender on board ready to pull the trigger once we rehab and stabilize the property.

Plus, if there is already financing on the property, many times there are provisions in the loan docs that state if there is a transfer of 50% or more of the company interests, it triggers a call on the loan.  

I have a rental property in my LLC (partnership) financed with a commercial loan.  

I guess the faint smell of bleach also had a psychological affect that made the bathrooms seem cleaner.Anyhow, after I read that, I began to notice that best businesses all had clean bathrooms.My point with this is to make sure that there's a faint hint of bleach to trip that psychological trigger that tells prospective renters that your property is really clean.

The risk of buying the property in your name and then transferring to the LLC is that the lender may trigger the "due on sale" clause.

If you are going to move forward in a partnership, get things in writing with signatures! 

The right HML is the one that will most work in partnership with you, not necessarily give you the absolute best terms. 

Also the OP has only his roommates word for the conversation.Can’t imagine that in an 8 year smoothly working relationship this would trigger a major issue

I specialize in rehabbing SFRs for rental properties throughout Indiana which are typically <$80k and do not currently have a partnership with a wholesaler for a steady stream of deal flow.