We designed our program with @Chris Klingemann your issues in mind. 3 mos seasoning, 75% LTV cash out, LLC ownership, 30yr fixed rate and 30yr term, rates in the 4s (down to 3.75% with a buydown, actually).

It’s good to hear and get confirmation that a management company is the best way to go

Questions:I am wondering how we should officially consider and designate “ownership” of the property and on the title report.Should We consider it joint tenancy?

I am considering setting up a trust. It would be for kids of a relative and it would be a grantor trust or revocable living trust (not sure which). The trustee would be me.If I place an LP fund which holds an LLC real...

@Mayer M.You might want to consider looking into a Qualified Opportunity Fund(QOF) or structuring the sales via installment sales.One thing you may want to confirm before selling the houses if the sales are indeed considered capital gain. 

Great advice and I appreciate your help confirming my math.

Although confirmation should be made about any underlying reasons this has happened.

Garage may be separate as well, need to confirm.2 nd fyi, the owner mentioned she might be willing to “land contract”, which is Ohio’s equal to “contract for deed” in Texas.

The program was designed to be in an LLC.

FHA is a program designed for first time home buyers and specifically not for investors.