If the ADU you're proposing is the make-or-break between this deal penciling out or not, AND if it is pivotal for your plans that it be the height that you are planning, I would personally advise you to abandon this deal. 

@Rob WallaceCredit unions typically do not lend to LLC’s I will focus on another topic - I strongly recommend your operating agreement have terms preset if things personally go bad and one has to buy the other out.

It gives you perhaps a more thorough view of the type of person they are. 

You have the option to put less money down and thereby leverage the banks money if you choose. 3.

I can see why the landlord wants to use their person . . . they probably want to make sure its a quality repair. 

Owe Bank: 800/mclosing: 7000.             

The auction site keeps repeating the auction because it doesn’t meet the bank reserve.  

Financing them is also not complicated but some banks/lenders have no desire to fund them.  

Together, this structure will protect you personally from lawsuits, as well as keeping your investment properties isolated should legal problems come up down the road.

I can buy it.My personal Facebook page also says how we are always looking to help others with real estate issues.