2. would 75LTV enough for them to isolate my other assets from this investment?

A link to a sample authorization to release loan info can be found in this next thread:http://www.biggerpockets.com/forums/81/topics/73821-renting-a-house-in-short-sale

I havent had much exposure to exactly what they are and how they work but I do understand that they are a way of holding your real estate assets as a seperate entity protecting personal assests.

We were offered the opportunity to build their casino, but because we didn't think it would be an asset to the community, passed on the offer.

They will also have you sign a form giving the lender the authorization to request the returns directly from the IRS.

So, you are wide open in terms of the type of real estate (asset class) as long as you are holding for a Qualified Use.

Just because the wife is listed as the manager of the LLC does not mean you bought from the wife -- you still bought from the LLC and the guy most-likely is part of the LLC.The title company should have reviewed the LLC documents to make sure the person signing the deed was authorized to do so, so there is nothing illegal in a person authorized to represent an LLC doing this even if someone else is listed in the corporate documents as the "main" person.

Marie has given you the right path, the lien holder will be on the deed of trust, contact that lender at any branch (if a bank) and they should be able to direct you to the asset managers.

The actual assets have not been spread locally enough yet in my opinion.

Here in Kansas City the waiting list to get a Section 8 voucher / Public Housing unit is 3 years, it’s definitely not an overnight process, while they do grant emergency vouchers under certain provisions, ex: displacements, death, etc, another good place to market properties to find Section 8 tenants is www.socialserve.com , I usually take flyers downtown to the Housing Authority (Section 8 office) and that actually has been most effective.