If you attempt to transfer to an LLC, you risk having to pay back the loan if the bank finds the deed was transferred.

I'd do a roommate written agreement,, rent amount, and make a list of house rules.If a new roommate fails to pay rent you still are required to file eviction, you just can't change locks or tell them to Get out if they don't agree to leave.

Regardless, I'm probably going to try at least the 3 local banks in town before finding other funding options.On a side note, why do banks have to "season?"

I retired 5 years ago from a 20 year career in banking.

I've got a friend who I believe is working with Key bank from out of state.

I've already put ads up on Craigslist and Loopnet, but how else does everyone market these spaces for lease and not break the bank?

I was asked to pay the difference of 0.5% because bank on REO listing is offering 2% to the buyer agent.

Hey @Melissa Kirchhoff are you talking about a personal loan from a bank or private money?

Can you use seller finance as the seller is putting down payment and your 50k loan from the bank?

The listing agent might have had an offer already in-hand but per bank needed to list again.2) Min default is for $390,000, not $66k.