As my wife and I were reviewing it, we saw a few things in the application and on the credit report that looked funny.

Your reporting on your federal return shows whatever recognized gain is recognized. 

@Ryan BrayHUD will not turn on the utilities and my guess is you are outside your 15 day window where you could at your own expense provided that the PCR report did not find anything that would prevent it.Your option is to ask your lender if there is any work around such as an escrow for repairs or an as-is appraisal. 

Down payment/ financing may be a moot point if your are foreign.  

I will entertain Christina this afternoon to learn more and report back.

I've got the common sense items such as clean the lint trap, report leaks ect.

But it's gotten progressively worse, now the only time he's passed on any rent to us is when we've threatened to report him to the Board of Realtors.

But by putting the properties into the business name you can avoid having the debt reported to personal credit so long as the funding lenders servicing company allows for it.

I wonder if your borrower’s lawyer explained that if they move their LLC, they must still register as a foreign entity in the state where the property is located to defend against any actions you might bring.

I specialize in getting foreign investors started in Dubai and work with seasoned local companies who handle everything from start to finish.