I am definitely doing some of my numbers to see where we stand financially and see where we could improve. ( credit card debt, school loans, etc. ) how long after u decided to REI did u you purchase your first home?

Pros: I can not think of any that would be better than any properly screen applicant.Cons: you are renting to the government. 

If this is not set up properly for your intended outcome, it will go to Probate, which will take lots of time and money!

You can generally move the note to an LLC afterwards.Generally if you have one property and have proper insurance it isn't likely you will need an LLC.

Whats the proper process.

Even if they can see you used to own a property, when properly transferred it will look like it was sold to investors.

In my head I thought, "Okay, he will take the draws and use it properly to conduct and complete the project."

Just a quick question, when you're not dealing with a buyer's agent, do you typically hire a lawyer to review the contract documents to make sure that you are covered properly?

@Revis Boyd Isbell III The walls may not have been properly prepped before painting.

Can't use unsecured credit cards for the down payment.