I trust his judgement and wanted to get it under contract ASAP before someone else came along.

The problem with pretending to be something your not is ( I know you technically are still a property manager) they will eventually find out and will consider your word and your ethics to have no value which will damage that trust .

I've talked to Equity Trust, Quest IRA & Midland IRA and am also looking into TDAmeritrade & Fidelity as options.

Kayana you can find out the owners address online usually through tax payments.  

Trust me, for $50K there are violations!

@Wei WangYou may want to consider the land trust trick described here, but make sure to consult a local attorney.Also, there's this BP blog post discussing the LLC issue and this old discussion thread.

Either way your friend will need to do a lot of due diligence to ensure he chooses partners he can trust to be around for the long haul, but my point is that he doesn't *have* to live in the market he invests in.

Just give him an address of the property and answer some questions so he can determine your debt to income ratio.

If so, what is the address of the property so that I could do a quick Comparable Market Analysis  on the home? 

I would then take out a HELOC to leverage the equity she has built up over the years (current value of the home is about $800k) for a down payment on an investment property or two.I was recently advised that putting the house in a trust, rather than adding my name to the deed, and putting myself as a beneficiary would be smart for estate planning purposes and give me access to commercial loan options as well as residential.However, I want to know if there is a major difference between the amount I would qualify for on the HELOC if I were to apply as a Trust or as an individual.I would assume either way the bank would be looking at my income to debt ratio and make a judgment that way.I appreciate the feedback!