So, things change a bit.If it is his personal home, there are more restrictions.For an investment property, if you take over his financing, read through the deed of trust (mortgage) and see how they handle transfer of ownership.

Hi Duarte,What makes DSCR loan fascinating is that it does not verify personal income.

We’re moving into the ADU ourselves starting in January so we can remodel our main home.

You now don't seem like the type of person most of us would accept a recommendation from.

Definitely a personal preference.

I have personally worked with @Wale Lawal and he is awesome. 

Simplify the structure as much as possible, have clear roles and responsibilities that are not overlapping (meaning only one person is allowed to make certain decisions) and a clearly defined exit plan.

If the IRS has a Form 1098, they assume that the person listed on the form made the payments, and they move on. 

@Richard Rafferty, given the relatively small nature you are looking to take on with your first syndication, personally, I would find it hard justify the typically 20-30k+ for a paid mentor. 

Just curious do you find that accessing county records online through the county clerk website works just as well as going in person?