Attempting to gauge participation in the member loan for the Austin 4-pack managed by RevisionMasters.

Normally, you need an LLC with 2 years of tax returns on its business to buy in an LLC or transfer to, unless you are refinancing into a DSCR loan or something like that.

I recently purchased a SFH (4 bed/ 3 bath) in Plano via First Home Buyer/owner occupied conventional loan and am renting by the room.

Jay, I am still waiting for information from the loan officer.

I have a friend who purchased a distressed property with cash and is looking for a hard money loan to complete the rehab. 

They claim to use the method of teaching that uses hard money loans to find your property, improve then rent.

@John Mason, lenders will look at your credit history, income and assets held to determine your eligibility for a 15% down payment conventional loan.

The quiet title is normally necessary before any lender will make a loan against the property.  

I had another but sold it to free up some capital and improve my personal debt position.

I would suggest that you rent the property and consider using a property manager who can finance the improvements for you up front and be repaid out of the rent so you can have passive rental income over the long run.