The stuff you find should match the things you/they already know about the house - who owns it, which bank holds the note (if any), the name of the people they bought it from (if not bought brand new), etc.Sometimes it takes a little digging through the county website to find the right property, and depending on the software the web site uses, it's not always easy to bookmark the page in your Web browser when you find the information you're looking for. 

If you're going to do a lot of loans, there's software programs. 

I don't think many people would guide you into putting a mortgage under your LLC for asset protection. 

I have found a bank that allows you to purchase rental property under your own name, but keeping the rental property under your name doesn’t provide any asset protection!

A general contractor for your first deal will depend on the state of the asset; however, to be on the safe side, buy a MFH that is somewhat stable. 

Hello Dan,The decision about the level of documentation of the value of the assets is typically a business decision made by the IRA provider. 

I recently bought a two family house under a single member LLC, mainly to protect personal assets in the event something happens.

One pm I spoke with works in sync with owners who Self book and have software that compiles all the bookings into a single calendar to avoid double booking.If you're aware of one company that does everything, does it well and still leaves 10% + Roi for you, I'd love to hear about it.

@Manuel NaranjoThe other posters are correct - it is section 121.I think your accountant is having an issue because he is unsure of how to tell the software to exclude the gain on the return.The sale still needs to be reported on the return. 

The borrower and the asset itself.Borrower:Your credit (are you a trustworthy borrower), are you capitalized enough to float this project/ cover the debt, track record (borrower/ contractors experience).Asset:Comps (as-is & ARV), LTV metrics (lender can help verify these if you have questions), detailed budget and scope of work, tentative schedule, exit strategy.Of course any lender/ partner will dive in a little deeper after the initial pitch but if you have all of the above ready for your initial conversation it will go a long way in getting deals approved/ partners on board.