If you charge below market rate, you will attract low-quality renters who are more likely to trash the property and make your life miserable.

Quote from @Chris Seveney: @Zachary WurtzThey will typically pay as you go - meaning let’s say it’s a $100k to renovate- they will give you $25k when x is complete and 25k when y is completeSome may provide the entire amount but you will be paying interest on that amount during the entire time and have 12 months to pay it off That makes sense, thanks Chris!

After that, I can request a CO from the town and then make it easy for me to rent or sell it.

After 2 years of renting it out we tried selling it to make our money back at no profit but not selling at that price over the summer ($500k), we bought it at $380k and put in $100k of reno's. 

An attorney wants to charge me $1000 to look over & make changes to my agreement.

(SDIRA) An IRA cannot must use a non-recouse loan so they are often talked about in self directed IRAs IRA forums. under the scenerio presented there is no way a bank will do non recourse.. just wont happen. what you can do is rearrange your LLC.. were only on person PG's  the other members each hold less than 20% interest thats the threshold for PG for most all community banks.and you do the PG.. keep in mind LLC's can have uneven ownership and un even profit splits you can have an llc that you own 90% of but you only make 10% of the net profit its not like coroporations were ownership % also equals profit distributions. 

Just do a search.As much as I love saving money, stick with one of those real PM software if instead of these "banks" offering add-on accounting for free.

However, the current owner wants to sell it for more than it is worth so she can make a profit and pay off the IRS lien.

It provides housing when we have limited supply, it's a good way to find tenants and make friends, and it produces a great ROI (if managed correctly) because the rental income is generally higher.

Preferably, you or the seller have a method that can be set to autopay to make both of your lives easier.Hope it helps!