The property is a full rehab, possibly more, and originally had restrictions from Freddie Mac requiring buyers to live in the home for at least a year, so I initially passed on it.

Many, make it difficult to not show pass-thrus on Owner Statements. 

Definitely hard pass on that.

Feel free to shoot me a message and I'd be happy to pass along his contact info.

One experienced investor said to me that if it looks like a different LLC has owned a home every two years it's a bad sign that the property is being passed around  from investor to investor.

Taking classes to learn how to be a real estate agent really just teaches you the laws and how to pass the test.

It gets easier as time passes and more people learn you are an investor.  

They were all non performing - many renovation loans where little reno was done and maturity date already passed - guessing it was inexperienced borrowers learning how to flip and were getting "easy" money. ya they took me out of about 14 of my deals and well being that I was getting paid it was not my place to coach them they made loans far in excess of my positions. 

Particularly when you are the new owner and not the one who actually did the unpermited work.However, they will not give you a pass....you will have to prove to the Inspector that the work was done 'up-to-code', and if it is not, you must bring it into compliance.

Remember that an LLC is a pass through entity so you are on the hook regardless.Finally what you can look into is a Series LLC.