And you bring up a good point regarding verifying the ownership of the property.

I own several multi-family properties. i recently started the RHO (Road to Home Ownership) program devoted to helping people with steady income but damaged credit and/or insufficient down money to purchase a house.   

This seems to be more accurate and typically increases the count.The criteria I search for most often looks like this:AbsenteeOwner OccupiedNo Corp/ Trust1-3 bedrooms30%-100% Equity4 yrs ownership (Last Sales Date)Median Price (for your area)SFRThis has shown great results and pretty high motivation.

Surely the city has taken ownership of it if they are paying for the up keep. 

There is a partner that has 1/8 ownership that has all of the sudden decided they don't like the price.

I can offer a bit of knowledge and experience with property ownership in Turkey and Germany.  

You fix the furnace and move on.Personal home ownership is a liability.

Vote NO on 10 to protect home ownership and rental housing!  

:- http://www.military.com/money/home-ownership/how-f...From previous threads, my understanding is that once your first VA loan is issued, you can still utilize any of the allowable remainder (to total no more than $417k according to that website) when you move, without having to pay out the first loan.With an FHA-approved low-deposit loan, everything I've read suggests that you can only have ONE of those loans at a time, meaning that when you move but would still like the same type of loan for your next home, your first one would need to either be paid out, or, (as many seem to like the idea of), convert THAT loan into a conventional loan (which works best if your equity is already say 30% by then) before re-applying for another FHA-approved loan for your next primary. 

if you are selling your ownership to that llc for a specific property then yes you'll wind up buying an llc per wholesale deal.