The other posters are correct that you should go to a local lender if you're going to try the LLC route though.If you're really wanting to go the LLC route, draw up the corporate documents, open a corporate account, deposit the money in the account and then run all of the transactions through the LLC account.  

They're less likely to think there might be legal holes in your documents and processes if you utilized an attorney.It is a valid question to ask if you need to continue to use the attorney for subsequent LLCs that you establish that would be largely identical to the first one.

You do not want to draw from it as the primary source of financing.In other words, purchase your next investment property and get new purchase money mortgage for it (at historically low rates), and if needed, use some of the equity as part of your down payment.

The subsequent lien purchaser can pay-off the prior lien and then get ownership through foreclosure.

Hi Ludmila,I use a couple of different tools to run comps:I use this site to draw a desired radius around my subject property:http://obeattie.github.io/gmaps-radius/?

@Russell Brazil and @John Weir and @Nick HullWell maybe my memory is failing me which deal of mine this story relates to, but I remember drawing a purchase agreement on a private deal I had with a home owner who lost their house to a flood in 2011. 

Sounds like you have some great experience to draw from with your parents.Occasionally I come across deals bigger than me.

Subsequently, you would invest the borrowed funds alongside your solo 401(k) under a tenancy in common transaction (TIC).

Guidelines for warrantablecondominiums are subsequently outlined in these guidelines.Non-Warrantable Condominium Definition: A non-warrantable condominium is a condominium thatdoes NOT meet standard Agency guidelines and is therefore not eligible for delivery to FNMA andFHLMC.

But I just switch to another browser (like Firefox) to view the subsequent pages and it works fine.