The inherited tenants moved out 6 months later, I did about a 5k basic “rehab”.

Or is it better to purchase the property as Tenants in Common and transferring it later to an LLC if we do rent?

When we placed the offer we received a notice from our realtor a few hours later that the bank was looking for our highest and best, we came up some and changed the terms for a quicker closing and shorter time period for inspection.

I had to call him back several days later after losing sleep over it and let him know I could not in good conscience keep the pricing structure Brian offered, and Brian was not interested in having his name on the contract.

It is January, I am hoping to find something no later than June as my current lease is up in August. 

Since starting in real estate about 10 years ago, I've only moved my operations account twice (started at Chase, moved to WF, then later to a local bank where I've been a long time). 

Having been in real estate crowdfunding since 2014 and represented the first 506c real estate deal, I would say that people rarely invest based off an ad; rather, they use 506c to reel in new interest folks, but those folks don’t usually convert or fund until several deals later.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

If you want to buy a property under your name and then later transfer it to an LLC, you can do so without fear of the due on sale clause being triggered so long as the loan is backed by Fannie Mae and you meet the guidelines outlined in the Fannie Mae selling guide. 

Then later, when we are ready, we can easily split up and continue on our own.