Put the 5K down as a security deposit if that does not violate any state law restricting amounts of a security deposit.

We leased it for 90 days to our buyer to get around the deed restriction.

I'm not going to repeat myself 5001 times due to the lack of effort on the part of new folks, I suppose they don't see that as rude to impose on those who know the topic.

Since when you sell the LLC the ownership hasn't changed, the LLC is still the owner, it complies with most bank resale restrictions.

I just closed on my 6th conventional mortgage two weeks ago and have four more to go before I have to look for a different solution.Now specific banks may have a lower limit but that is called an overlay meaning their limits are lower for that specific bank but that is self imposed by that specific bank.As to the mortgage pay down, I wouldn't recommend using all that cash or cash flow to pay down the properties.

There are substantive reasons why SF and Manhattan had/have/will continue to have very high rents, and it ain't solely based on short term restricted supplies.

For the most part, a Seller originated loan really has no business trying to impose a PPP.

Hoping to impose on your great cache of knowledge once again.My husband and I purchased a property in February with a large garage.

The restrictions are so narrow that it makes using LO's worthless.

CDs are the best option, they can be held by any insured bank in the country usually unless state law restricts deposits to state banks.