Something to keep in mind is that any initial forced equity that you might have (no guarantee of it) is a relatively small portion of the total equity that is build over a long term buy and hold.

Hi Alvaro,If you handle the fix. you control the quality (some work can be shoddy) and if there is a guarantee, you get that too.Good Luck!

Providing a personal guarantee on a loan in the LLC name is clearly not an issue.

Make sure your debt service coverage is 1.30+ if you really want to be able to weather any short term blips in the income and service your debt.Buying good deals all cash is also a decent strategy that guarantees you won't lose your properties in a downturn. 

NEVER A GUARANTEE remember that.

In these situations where the seller has listed the property with an agent they were planning on paying them with the proceeds from the sale.If you are not putting down much it might not cover all the costs they have to pay out.The seller would want more down in this instance.Usually on owner finance the attorney draws up a deed-in-lieu provision as well as a foreclosure clause if the owner doesn't pay and isn't cooperating.The seller might require reserves on owner finance as well as a personal guarantee on the loan.Could make it non-recourse but leave a "bad boy clause" in there to protect the seller.

Note that youir company can't get the loan (section 4.01b 'Partnerships and corporations' says "Loans to general partnerships, corporations, limited partnerships and limited liability companies are not eligible...") but you can generally deed out of the (I assume) LLC and deed in with personal guarantee, possibly with help from your closing attorney.

You must ignore the bribe and screen the applicant without consideration of a guaranteed 7 months rent.

Florida guarantees 5% if paid within a certain time frame, so you could end up with a much higher ROI.

But it's good to see experienced lenders opinions on this...Basically, from what I am understanding is you never want to go to a 100% of even the purchase price unless you have a personal track record with the borrower or you know the area/property well enough that there is built in equity.If the borrower agrees to a recourse loan and gives a personal guarantee does that change anything?