The lender insists on paying the proceeds or the cash-out amount to the LLC and not to the friend's personal account.

so if someone on the HOA has a family member or friend interested in the property and even thought they aren't the highest.. they can sell it to the family member or friend ?

Landlord friendly, low taxes, and major tech and manufacturing job growth coming down the pipeline. 

My friend Kalvin can help you.

but the buck stops with you.or if you have a friend or relative who is handy or has a contracting background, bring them, go see it, and try to come up with your own rough estimate of the repairs needed before you make an offer.

I leaned the single family residences that are to my taste can only be rented to individuals with credit ratings of 700 or more.

Hey Guys,Thanks for all the responses and no worries about jacking threads :-)Hopefully we get some responses that might all help us.I have gotten a few more contact via friends / business associates.

I think is a stretch and it really depends on who they are bonding for one off individual Not so much.. big builder developer who is bringing them hundreds of thousands in title insurance and escrow income a year.. ( like I do on my projects) thats a whole nother kettle of fish.

-Cash out Refi with a private lender who has higher rates/fees-One of my friends buys a property in the name of his LLC, rehabs it, then sells it to his spouse.

We own and manage several rentals across the state an will also be looking for opportunities to 1031 exchange into more landlord friendly states with better price points.