My guess is that they'd want to lend to the LLC with a personal guarantee from you.

I thought I was in the clear but I guess not.

When you say "turn", I'm guessing you mean "turn-key property."

I’m guessing there was an irs lien on the house and no one, you, checked title in the beginning.

I would guess maybe 5-10% of folks want/need to see a unit before renting. 

(I don't mind sharing it - I won't get it anyway - so if it is truly a deal and a BP member can get it, all the better)Details (read the Zillow description - the listing details are wrong): Address: 6610 52nd Avenue Ct W, Graham, WA 983384 mobile homes for $156,000Each home is a 4bd/2ba with laundryCurrent tenants pay $1700 average rent per homeSpace rent is $700 per lotThe numbers (per month for all 4 homes):Total gross rent: 4*1700 = 6800Total lot rent: 4*700 = 2800PITI: 860 (this is for the full $156,000, i.e. all 4 homes)Vacancy - 15%: 1020Property management - 10%: 680Maintenance - 10%: 680CapEx - 5%: 340W/S/G (this is a wild guess - I have no clue): 4*50 = 200Total expenses: 6580Total cashflow: 220I feel like I've been quite pessimistic with the estimations (e.g., 15% vacancy), and it still produces a positive cashflow.

I'm guessing as the owner he used to mow the grass and take the tenants trash to the curb and now that you're the owner he thinks it's your duty.

I'm guessing because it's a non-taxable event VS selling it for the higher value down the road?

If not, then I guess you have to find out how to get the other 99% ownership.

@Ryan DolinarHere is my guess..1st is actual NOI.