Guess what, you are now wiped out.Lets say you find out before the foreclosure sale, what can you do?

As for the gift for the down payment, it's generally allowed, but it must be properly documented as a gift letter to the lender.

Southern border of the land is Wilson Creek (a large, well established, full time creek with old growth trees)Approx 1 acre of non-recoverable flood zone along length of creekTwo small ponds on the property, which can be filled in to utilizeSmall neighborhood to East of property line with utilities ready and available for project Currently a couple of older homes and barn structures on property (100% liveable and well maintained)Wilmeth Rd is currently expanding down the block to a 4 lane road which connects to Highway 75 in McKinneyLarge developments are underway within a 1/2 mile to 3 miles out radius<4 miles to Costco, ChickFilA, WholeFoods, Cinemark, major hospitalAT&T Fiber and Atmos Gas at front of propertyA water well can be run, if desired, or tap into the city's water (currently on city water and has large main at front of property)A CE firm has drawn up plans for a small, 12 home, 3/4 acres development.

This leads to issues with refinancing and could leave you with less equity or higher debt than anticipated.

I would like to use this service as a landlord and report my tenant’s payments.Anything you can share is greatly appreciated.

So have your LTR tenant sign a separate document acknowledging that they realize there will be transient guests next door.

I have someone who wants only 41k for this property with about 21k worth of repairs. 

Our firm is based out of Beaufort, SC and we host a monthly Real Estate Investor Network. 

As to the actual transfer document itself/deed transferring ownership, that would likely be an attorney's task. 

We will renovate all 4 units and then rent the units out.