Next, I would get out of debt if you are in it.  

If you choose the delayed finance option, remember lender will be qualifying you based on credit score and personal debt to income ratios, also.  

So I don't put my name on the offers I make although legally we are required to disclose that the buyer's partner is a licensed real estate agent.

The issue is my personal mortgage broker said that since the LLC is newly formed, the entire loan on the duplex would be considered my debt, even though I have two other partners.

Know lawyers who are familiar with the legal intricacies for distressed home sales.

Hello Ramon, here is the link that i usedhttp://www.nolo.com/legal-encyclopedia/michigan-form-llc-31760.html

Thank goodness the ceiling collapsed on your head letting your know you were living in an incubator of filth for the past 2 1/2 years.Sorry about the eviction.Do you have a legal question?

Legally I can't pay him out of my commission in Fl but he is willing to give me a portion of the profit when a home is bought and sold using his money.  

I've been thinking about the pros and cons of longer vs shorter debt, and you've sold me on longer.

The bank/lender will ask for all the financials on the property, check the income verse expenses, and many different aspects regarding the building a the project income and the historical treads in the area of the deal.You will not have to provide pay stubs, credit checks, employment checks, debt ratios, or anything the banks do while looking at a SFR deal.