Last tax guy messed up a lot and I caught a lot of his mistakes.

It is a federal regulation but some states reach out and screw you.

As for income verification, I require the applicants two most recent paystubs and if self employed I need their most recent tax return.

I see the base interest rate for federal lending is 4.25%–4.50%.

@Nicole GrazianoI recommend that you have a consultation with a real estate tax accountant regarding your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

For example, in my state PA there is an inheritance tax and many TAX auction properties originate from people passing away and the heir(s) not taking control over the estate and paying those property taxes.

The Federal K-1’s will be available first, followed by the Illinois state K-1’s.Illinois requires that we withhold taxes from non-Illinois residents and this will be identified on your Illinois Schedule K-1-P(3) line 19.

@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.

Use that loan to pay the back taxes and get things under control.

Legitimate, in this case, means that the entity is part of an overall business investment strategy whereby you have a business plan, tax returns, and the funds you seek are for further business expansion.If, however, the LLC is a stand alone entity, is not profitable, or is not legitimate, then your probably better off putting into your personal name and securing funding that way, or still talking to local or regional banks to see if they have any loan programs available where you might be able to secure financing.