Nobody worries about the $65k I just paid in legal fees to finally get ownership of 2 properties that the borrower hasn’t made a payment on in almost 3 years!  

I’m a believer that with sufficient knowledge, and sometimes capital, real estate ownership can be “worked” to obtain an enhanced return on invested capital, WITHOUT increasing risk.  

Hey Ting,So even though the property and loan were under your name, the IRS looks at beneficial ownership, not just whose name is on the title.

For Section 8, you'll need to fill out a change of ownership packet (hyperlinked), which you can also find on the CMHA website.

The new owner had it from 1986 to 1997 and when he sold it they listed it as a 1 bed apartment (according to the MLS listing from 1997), so we are pretty positive he converted it during his ownership. 

.: I am interested in pursuing the legal structure of creating a land trust that owns the investment property and the land trust is within a WY LLC.I have spoken to NCH, but I was wondering if any of you have recommendations of other companies that can help setup this structure for houses outside of WY.Thanks in advance**I am NOT looking for comments on why this is useless, unnecessary etc.Land trusts will be the future of property investment and ownership in the coming years.

However, I have a Fannie Mae owned mortgage and the mortgage servicer has advised that Fannie Mae may not allow that "double layered" ownership.

Sorry, Unfortunately Voice to Text didn't work.First Point, is as a society we look at home ownership the wrong way, a personal residence is a liability vs buying investment property which is an asset. 

With commercial, the bank has to leave enough leeway that they can take ownership of the project if it fails and recover their money, or sell the notes to someone else for what they've got in it.

However, many jurisdictions do not require "stamped" plans for SFH.As the owner, ask your "architect" for ownership of the plans.