You should be able to get a mortgage for 20-25% down depending on credit history & number of outstanding mortgages.Good luck,MikeGood luck!

What is the estimated value and outstanding mortgage balance?

Another big thing to remember is that even though you may have a lot of "outstanding" debt on the properties... the properties are appreciating on average 4% yoy(some years more, some less).

There is additional fees around $11,000 on top of what the outstanding mtg is.

I do not know much about them, just that they are put on a property if the owner does not pay their outstanding property taxes.As an investor, how do you get passed this?

For a note, cost basis is the amount outstanding on the note.

It would generally still qualify as long as they bought all  (100%) of the outstanding membership interests in the LLC so that it was/became a single member LLC and a disregarded LLC that was treated as if the individual acquired it for income tax purposes.  

@Caylon Haggard - I am unfamiliar with Three Pillar Communities, but I have invested with a couple of outstanding MHP syndicators and love this asset class. 

On the long term liability section, it should list the out standing mortgagee balance. 

The investor gets all of the distributions, because in the first year they only got 4% and the remaining 4% of the 8% preferred return is still outstanding.