@alex deacon, thanks for your reply appreciate your advice, in the future i would like to navigate PA market, send me your information in a private message..

It is fairly common but not all lenders do it, it will be harder if there are multiple owners of the LLC especially if they are not immediate family.For future reference when tagging someone type the @ symbol then the first few letters of their name, then select it from the drop down, this way they will get notified when you mention them.

Brendan, my experience is that you may need to wait 6-12 months to satisfy the FHA and your future Refi lender's conditions. 

I would let them know that an eviction is not just another collection item on their credit and it will be a very large red flag for future landlords and other credit grantors.  

I've found a great partner to work with in some real estate and we are trying to finalize our Operating Agreement.While we both expect to be able to amicably part ways in the future, we both understand the importance of having a secured roadmap to dissolving the partnership.With that said, we are struggling with finalizing the OA, so I was hoping some people here could share their experiences and input on how they dealt with this issue.Right now, our plan is to have the following three options if a partner opts to exit:1.

The problem with giving away the farm just to get a deal is they will expect it from then on and the syndicator will look for cheaper equity on future deals.

@Matthew Irish-Jones  I am interested in investing in lease options in the future.

We have the money for down payment and closing however we know we should have a reserve fund for some of the repairs that need to be addressed right away and in the future.  

In the future, you can keep a window unit on hand and offer it to them when this happens.

As far as some general criteria/thoughts:- My workplace is in the Cobb/Vinings area and I would ideally like to be a < 30 min drive to work (though I don't mind if its up to 1 hour away since that is my current commute)- I'm interested in using a FHA loan to put ~5% of a down payment (3.5% down pmt + 1.75% upfront mortgage insurance premium)- My target all-in purchase price range is between 200k - 400k - I would prefer to live in a 'A' or 'B' class property that I could rent another unit to a young or established professional/college or grad student- Just from discussion with my friends, a lot of them seem to dig living in areas like Midtown, Buckhead, Virginia Highlands, Brookhaven, Lindbergh.. how feasible would it be for me to househack in any of those areas and expect to generate a decent return in the future once I move out and rent out my unit?