We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!

Don’t look at only their managers fee, ask what the average client pays in total fees (monthly, lease up, extensions, etc) as a percentage of rent collected.

Think 10-15% interest rates. 

Alongside Seller negotiation I think you have to keep in mind the financing for the deal and it's requirements as well as the interest rate.

Unfortunately, this property has a variable interest rate that is currently 6.5 %.

However, if they want to pay out of their own pocket you can arrange for a third party company after they pay that company's fee so that you can again control the narrative and not have them use some shady company. 

The demand is rising for MHCs as the occupancy rates have gained 10 basis points to reach a surprising 94.7%.

We've had 2 units rented long-term at our MTR rate which seems like a homerun to us because we have no vacancy, cleanings, turns, etc.

Quote from @Neil Warren: Hard money loans are at higher-interest rates and for shorter terms, meaning you will pay them back quickly, usually in 12 months or less.You should not borrow 100% of the purchase price.

Sounds like he may be getting hit with a stupid tax but hopefully that fee will get mitigated with insurance.