The requirement to take title in an LLC will not remove the requirement to meet residential guidelines if you are living in the property.

It won't tell you much unless you know the process and the guidelines underwhich they are made.I'd suggest you go to appraisal sites, Appraisal Institute, name slips my mind at the moment, google "appraisal guidelines" or "appraisal requirements" What's almost as good in reality with much less brain damage, is to get out and tour homes for sale, the more you actually see in person the better you'll be able to spot a property and know what the price range would be.

My debt to income exceed the bank's guidelines so I’m trying to find other ways to raise capital to acquire additional properties.

Its still considered a cash out refi if you're paying off a 2nd mortgage and all the guidelines for a cash out apply.Your family may only be willing to do the loan if their lien is recorded though so you may not have the choice.

Technically it falls under the guidelines of a background check because it gives insight into the tenants character.

Hi,I am wondering what the SEC and California state laws are regarding soliciting private money lenders for real estate investments - what disclosures, guidelines, etc need to be followed?

I would just be sure to include certain guidelines for the "common areas" living room/kitchen/baths - to include things like "quiet hours" or to clean up after oneself (kitchen prep, etc).

~1200 letters sent (the last batch of ~300 should hit today/tomorrow)-107 calls so far (will be higher once the last batch hits this week)-Vast majority are retail sellers-Many are just curious about how my business works-Many won't give me any price guidelines and just tell me "make me offer".

If you take that gamble you'll lose.

Fannie Mae) for single family (or 1-4 family) then follow the FNMA underwriting guidelines.