I had one guy who tried to borrow money from me do this to about 20 plus people and the state put him in federal prison.. it happens.So there is a down side to this and the down side is to the seller not the buyer.. therefore sellers need to be careful and retain an attorney to walk them through the risks that they take allowing a loan to remain in their name and title to transfer.. that's the point.of course us buyers we don't care just like you mention it don't work walk away you don't owe the debt personally.. that's just not the moral or ethical compass I would follow.. 

@Nicole Heasley The more times you go through the process the easier it will be to know what banks want to see but in general,  A personal financial statement (list of debts and assets--shows net worth), a summary of your current cash flows (shows where your money comes from and goes to AKA a global cash flow statement), tax returns (for non commercial loans), a bio (tells about you and your team), a deal summary (info about the current deal) and maybe a summary of prior deals that are similar that you have done

We believe this is because they are not familiar with note investing, crowd-funded investments, commercial real estate investing, debt investing, etc. 

I'm not fond of holding large amounts of debt, something I know I'll have to get over to be successful in the market. 

(Healthy cash flow from day one, qualifies for long term debt, we have enough capital to fund a healthy cap-ex and reserves account). 

this is starting to become a self fulfilling prophecy.. for not reason other than the market is returning to balance. the risk in landlording is your units go vacant which did happen in 08.. or get run down and you do not have the funds to properly maintain them because you only have enough income to cover fixed debt.

If you’re curious about the debt side, read articles by David Van Horn.PM me if you want further thoughts.

I have a high paying job and no debt (I don't own a home but I do have small mortgages on my rental properties). so I live way below my means, save as much as I can to further invest in real estate, and save to build a good chunk of cash in the bank as a cushion.  

I can refi my rental and free up my VA loan capability except my income is low and I have 58% debt to income.

Hi,I have a 2-part question seeking some level of clarity from the group as my own research has not been conclusive.I would like to set up a LLC primarily to hold RE investments like private equity/debt funds or syndications but would like to keep my name hidden(at least not easily publicly searchable).