Simplicity, and a Public/Private Partnership in Affordable housing

I submit the Operating Agreement and EIN number, and formation docs to the lender when I get those loans.

You can be mortgaged to 85% with Freddie Mac if its a single family house with the cash out refi although if you go that high there will be private mortgage insurance to pay for , either monthly or in a lump sum payment at closing. 

So be careful that an LLC you set up will either have a track record so lenders will lend to it. 

I know private money could possible work

Property 1 im 120k into it, the morgage company wants 136k . its worth around 190k currently, rent is 1800 if i wanted to rent it, HOA is 450Property 2 im 280 in to it, the lender wants 360, but its worth 500 and can easily appreciate more quickly, rent is 4000, HOA is 1400i have a family friend who is a lender whos willing to help offer cash to the lenders and then i can either sell properties for a lesser loss than 400k or hold for a few years and throw tennants in it and sell after to break even with the appreciation I'm hoping the lenders for the second propery is willing to work with me , and maybe even negotiate. i hired a lawyer today. fingers crossed.BEWARE everyone because im in a very bad scenario :(

I'm trying to find lender also, in case I find deals there.Thanks again!

Islamic lenders specialize in this.

Talking to lenders also can help get your finances in order. 

If you are borrowing money, the lender would usually create a property mortgage document and record a lien on your property/land.