They said that the LLC needed 2 years of tax returns, and I’d still have to sign a personal guarantee.

This makes them feel comfortable that guaranteed income should be coming from one unit you're renting out)

I guaranteed the investor a 15% return on their investment and we would split the profit after that. 

Point being - just remember an unused HELOC is not a guaranteed source of funds. 

I guarantee it's never their driver's license that they're holding and no legitimate lender would ever do that.  

They guaranteed on the letter: Provider’s phone, fax and email on their letterhead License number Provider is from the same state as you reside Attorney drafted letters for full compliance and effectiveness Provider’s signature You and your Animal’s information within the letter So as a Landlord, how will YOU verify a letter like this? 

Related to my first question in the thread, let me give you a scenario - I get a conventional loan, and in the loan the bank gives me permission to move the property into an LLC and if I do I am personally guaranteeing the loan.  

He offers Taxpayer B and all other tenants $10,000 to vacate their units immediately, although they aren't compelled to accept, as their right to the unit is guaranteed another 6 months by contract.Is the $10,000 taxable income for Taxpayer B?

That said, I’m not a lawyer so you should consult to be sure.Additionally, asking your lender for permission to stay in the unit is likely not the best avenue, I can almost guarantee that request would be denied, even though you don’t appear to be changing the intent or purpose.

Certainly if he personally guarantees the note.