Or you could do delayed financing, but you'll be limited to the amount you can finance and will likely not be able to get all of your money out.

I’ve declined people for simply not completing a application.

If you can debt ratio and don't have more than 20% declining from the previous year, you should be good on that aspect of the loan.If not, you can do an Investor Cash Flow loan where no income or employment is listed on the loan application and the only requirement is that the property rents for the same or more than the PITI payment of the mortgage?

Perhaps @Lance Lvovsky can elaborate a bit on the interest tracing rules as it sounds like something that may potentially be applicable.

The PM has limited funds for operations, and if sued, little to lose - you can close it and open another PM LLC.Yes, in a lawsuit, you, the Holding entity and the PM LLC and all might be named, but if properly structured and maintained, a lawyer could easily take you and the Holding LLC out of the lawsuit on the premise that you were not involved.

If the tenants destroy the property, then they could loose their benefit (at list that's what the Sec 8 office told me I never experienced it) Also Landlords are allowed to give surprised visit to applicant's current resident prior to approval and if the property is kept in bad shape or they don't allow you to enter and inspect, then you can decline the application.

I submitted an online application to BBVA and got an email stating approved amount of $44K, this is before title search and their property value check.

Unfortunately I’m on a 48hr time limit to sign the PS and submit the escrow.

Of course you have to qualify as an accredited investor for most, but if you do qualify it gives you the opportunity to get into bigger deals/more units that you otherwise would not be able to accomplish or afford on your own.You'll also be a limited partner in syndications, i.e. no active role in managing the property, so you'd have to be okay with that as well.Just food for thought!

I’m mostly interested in knowing what those limitations are.