Most investors that are securing such properties are leveraging  their business and resources to acquire off market deals, and are going direct to seller.

Until this is paid off the lien is still against any property the LLC owned at the time the lien was recorded or any property they acquire after that. 

Since you haevn't acquired any properties yet I would honestly recommend waiting until April to interview as this time of year firms are pretty swamped with current year clients/filings. 

I'm looking to acquire more for myself and then add others under management.

It should also list what the penalty/remedy is for not having it.

My understanding is that the interest can be deducted on taxes, if the cash out proceeds are used for improvements that increase the subject property value, however, if that is not the case, then the deduction can only be claimed on the original balance of the original mortgage used to acquire the property that is being refinanced.

But step one is acquiring that small multi family to house hack is going to be my goal for the next year!

Purchase price: $414,000 Acquired this property as a househack in September 2017 off the MLS.

Purchase price: $414,000 Acquired this property as a househack in September 2017 off the MLS.

If they do get turned on, I believe seller would be liable for any issues as you do not own the house.As for them signing contract saying they would but not choosing to, your likely only real world remedy is walk away and not buy house.