Thank you in advance, Stephen RagerYou should buy in personal names, refi in personal names, and then contribute to LLC?

I really appreciate your contributions to the community, I've learned a lot from your insight. 

@Lonnie Thomas I pulled this from hud.gov that regulates FHA loans, hope this helps4155.1 5.B.4.aDescription ofGift FundsIn order for funds to be considered a gift, there must be no expected orimplied repayment of the funds to the donor by the borrower.Note: The portion of the gift not used to meet closing requirements may becounted as reserves.4155.1 5.B.4.bWho MayProvide a GiftAn outright gift of the cash investment is acceptable if the donor is the borrower’s relative the borrower’s employer or labor union a close friend with a clearly defined and documented interest in theborrower a charitable organization a governmental agency or public entity that has a program providing homeownership assistance to low- and moderate-income families, or first-time homebuyers.So if you can document the relationship of the gift giver from one of the above it may help.

Cash flow wise, it only really makes sense to do the deal with that bonus units cashflow contribution.  

Thanks for your contribution.

I don't know the property, but you are paying 60k, and asking them to contribute $6k, which means they are now really netting $54k (or 10% less), so it might be a deal killer off the top. 

Was scary timing but in the end I think it worked in our favor as Covid contributed to somewhat of housing supply shortage as well as increased demand in larger rural properties with people wanting to flee the cities.

First off I want to thank everyone that contributes to these forums.

The four girls each contribute $400 to rent, and one of them sends the whole $1600 to me in one payment each month.

He also contributes a tremendous amount of insight to the BP forums as well.