(A mortgagee is inherently BOTH).

Guy spoke like a sailor and his mother would probably roll over in her grave if she heard the vocabulary her son was using.

Now the money you deposit into the bank is $1675.00, (and will balance with your bank statement) and the paper trail is now showing in her Security Deposit Account in the Chart of Accounts is also $1675.00, and it will show up in the Define Fields at $1675.00 as well.

When I first started wholesaling and didn't have the cash I partnered with an experienced investor who did have the cash in her bank account.  

Lynn has it right in her last post.

I know that the garage can be converted into at least a two bed/ two bath and generate at least $1200 in rental income in her neighborhood.

Yeah, you'll find some weird obstacles out there.

Even if you transfer title, your name will be easily found.Regarding limiting liability, the LLC is just an obstacle.

In those situations (which are more common than you may think), the only solution is to demo a big enough hole to cut studs or any other obstacle.

Definitely jump in here, add a photo, set up some Keyword Alerts, and start asking or answering questions.