I just found out about BP through a search online a while back but I haven’t been activate for a couple of years here.

That might provide some insight into whether you want to go further down that (and the) road..If things are going well in the immediate area of the Arkansas property..maybe see if there is anything on market in that area? 

I have few properties in CA and I would like to set up a structure which provides me anonymity and reduced liability.I have set up a WY LLC and various real estate land trust where each trust will hold title to the individual real esate and the LLC will be beneficiary for all these trusts.

I searched online and mostly found larger facilities, not smaller residential operations. 

We’re looking for an option than not only allows us to use GAP funds with these HMLs but also provides the GAP funders with protections on their investments that would be similar to the recording of a 2nd position lien. 

As a local investor and local Realtor, we run across off-market properties often and can help determine a fair price by providing an ARV (after repair value), and introducing you to some local contractors in the area.By the way, Lawrence has a local investor meetup every 2nd Wednesday of the month and Topeka has one on the 4th Wednesdays. 

This is due to updated guidelines from Fannie Mae and Freddie Mac aimed at reducing risk.The rationale is that having the tenant's first month's rent payment in hand provides proof that the rental income will actually be received and is not just projected.

Don't mean to be a debby downer by any means, but this likely sounds a lot easier online than in reality. 

For example in the Reno, NV area there a small MF opportunities and there was also a large MF project that just came online that temporarily lowered rents.

As a Firefighter and Real estate professionals, I would contact the Tenants Property and Liability insurance provider to cover the difference.