-I recently bought a coop apartment when my Mom passed away suddenly (this was my childhood home)--I have a problem tenant.In December 2018, my Mom passed away suddenly and the owner of the coop wanted to sell the apartment fast--he offered private financing so I bought it.  

We would use a pass through structure, however, would we still be able to deduct interest and depreciation as the property is not owned by the LLC? 

I'd pass. 

I don’t understand the rationale unless they are trying to cut the government out of their money or worse yet pass that cost to you.

Both - footprint and location - have to be right, everything else you can change.Sounds like property will not pass FHA and current owner might be ignorant to the fact.

I assume that in this case, where the county has passed the collection case on to a private attorney, that the lien would've been placed by the county? 

Normally, I would like to pass as many of those costs to the tenant as possible, but it is typical for landlords to pay water in Grand Rapids, and the city can put a lien on your property if it's not paid.  

I have property in both LLC and personal name and llc and can take out expenses in both.If you only have 1 layer of single person llc then it passes down to personal income at tax time.

If you do pursue a non-QM, please pass on the contact.  

cant pass on a opportunity!!