Not my doing.6 years ago I elected s-corp status (from c-corp).There is no mortgage, and therefore no due on sale issue.The issue is the appreciation and what will and what will not trigger the recognition of a capital gain.I have seen various articles that describe ways of migrating assets from s-corp to LLC that does not trigger this.I was hoping for corroboration and more detail.

I also did a quick underwriting on what you described and the building I assume you are talking about.

There could be a very few pockets like you describe, but that's like less than 10% of the city.

Rich Dad, Poor Dad was a made-up story and I don't trust much of what the guy says.The story you describe sounds like a foreclosure.

The scenario you describe is EXACTLY why I'd want to see the property and neighborhood myself before buying.

I never heard of it the way your describe. are you talking about an escrow account? 

But what you are describing has been seen on these forums for years: Airbnb Arbitrage, where the host, for any number of reasons, can't buy their own properties so leases other people's in hopes they will more than cover the rent with their airbnb.At the end of the day, you are no longer operating a residential property.  

What you are describing (i.e. expanding search area to 1-2 mile radius) sounds like "shopping for higher priced sales" as opposed to looking for recent similar sales in a similar market area.

As described in @John Nachtigall, the terms are not amazing especially the low preferred return and waterfall.

The title of the post says "personal loan from your own LLC", but the post itself describes using a "construction loan".