Could you describe the property and how the buildings are configured?

Originally posted by @Dave Hurt:@Russell Brazil this is from the Fannie guidelines under the "Delayed Financing Exception": a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust;an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.Right above that in the guidelines it states "For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility Requirements.

But would it be legitimate if the ad is up front that this is a referral and describes the property without giving the address?

The way you describe yourself and your situation you sound like a serious risk.

As I write this I am within walking distance of the houses I described then.

She is behind on payments but has a payment plan with the bank and will be caught up by January.Assuming the house has been accurately described, and knowing the tenant personally, I think we're talking about $10,000 to $15,000 worth of work to get it rent ready.

I think the 200 number describes the type of meter and I think it means it's digital not analog but I could be wrong.

It seems like it would be safer for investors if our money was sent to escrow, and once the shares are sufficiently sold and the LLC fully funded, the property can be purchased with the escrow funds with the remaining funds being transferred to the LLC to cover operating expenses.Is it common for money for a syndication to flow as I describe above (ie from the investor directly into the LLC)?  

You've got a couple of options on how you treat this property to reduce the tax implications (whatever they are as @Natalie Kolodij described so well).1.

My little nest of MH investments is along the Norh San Diego Coast and I can tell you from over 30 years in this biz doing everything and anything there is to to in it that I've never once had the kind of tenants you're describing.