But of course you should seek professional legal advice on this...

When you come in and seek a loan for FLY BY NIGHT LLC, with no credit history, no track record, etc, you're not going to make that loan. 

As of now its dead capital that we cant access without TAX penalties so we are seeking as many write off through REI to offset this.

I asked for realistic evaluations of my thought process previously, was told to read Scott's book, and here I am once again seeking honest opinions on what I'm thinking after having read the book.

Next up, we don't know what the laws of your state are concerning property rights and marriage, therefore; as Rick H. mentioned, you need to seek legal advice. 

How does seeking a loan for an investment property differ from purchasing an owner-occupied property?

And in addition, ALWAYS GET A SIGNED STATEMENT AT CLOSING THAT THE HOMEOWNER WAS ADVISED TO SEEK LEGAL ADVICE AND EITHER DID GET SUCH ADVICE OR WAIVED GETTING SUCH LEGAL ADVICE AND THAT THE INVESTOR PROVIDE NO LEGAL ADVICE OR LEGAL ASSISTANCE TO THE HOMEOWNER.    

If I don't have contact from the plaintiff atty by Wednesday I plan to seek my own atty.I have really strong tolerance for the unknown and DIY, so I'm not really that stressed, was just more annoyed \ irritated at it. 

I will happily pay over market value for an asset that generates the return I seek.  

Basically do I have to have residency in the state that I am seeking to obtain a license?