In other words they are effectively DSCR loans.

The Programs includes or covers:- Up to $2.5B in second loan purchases- A maximum programs duration of 18 months- A maximum loan amount of $78,277- A minimum seasoning requirement on the first mortgage of 24 months- Only for Primary ResidencesThe effect of a guaranteed government backed second mortgage for homeowners would be significant and likely put eligible second mortgage terms in line with below market FHA and guaranteed first position mortgage rates. 

@Kyle KingIf you don't get the answer you are looking for I would suggest connecting with a lender in your area. 

Let me know if you think a situation like this is possible or if you can think of another scenario to handle this Hi Troy, I know what you’re asking but in a very roundabout way happy to connect more to talk in detail.

I'm in Richmond, let's connect.

Does this strategy effectively contain potential damages (e.g., from lawsuits) within the specific LLC?

Would love to connect sometime! 

best is to connect with a realtor and get some contractor recommendations as well as 3 off of google with good reviews and go from there 

I would love to connect with them.

I sent connect invite.