Come back with some more details and the community will surely help you work through your questions.

So best to run it through the calcs and see the details for your self, as a loan officer anyway? 

It would be a commercial loan and we're at the point where they've said its a green light pending appraisal and estimated the cost at $300-400.

We do not have details as the landlord just dropped this on us, but if you are interested we can certainly have a conversation.Thanks. 

I've had someone look at the roof, the stove and the hot water tank already, but need to forward their estimates to my attorney to escrow the funds to them for fixing.  

Property ARV is ~ $180K, Rent in area is ~ $1650. repairs is estimated at $20k.

We'd estimate around 2yrs to get all of it done and sell place for 1.5-2M. 

However, the sponsor should have provided you with their projections/estimates/forecast of the property's cash flows, and a sample return on your investment (by year).

DM me with details of what you need done.

Keep listening to the podcasts.I am actually curious if you could go into more details on the company taking over the loan payments... i ask because i myself have a rental in my own name, once was primary residence, rented out for a period of time and now that im becoming educated on investing in real estate i want to place in an LLC... still learning all the ropes here..