See http://www.generalrealestateacademy.com/Learn the ATR Rules - http://www.consumerfinance.gov/regulations/ability...It does piss me off there is not more guidance for investors from the cfpb.com about selling on terms for home owners and what type of transaction needs a rmlo and what type of transaction does not.

the way I have gotten a new start in REI is to leverage my (decent) writing ability to help my partner find new investors online.

My first thought was all that knowledge and mental ability yet most of those I met had actually accomplished very little in their lives, the highest IQ there had been a night time janitor for 30 years and didn't apparently spend any of that time trying to solve some problem of some kind, definitely not an Einstein, they seemed happy though.

What you're describing feels like commingling personal and LLC assets, and may threaten the ability of your LLC to act as a legal barrier.  

I filled it out to the best of my ability and she said she would turn it in yesterday or today.

For example, if you only have a couple properties, don't jump into a million dollar property unless you have the ability to recover if everything goes wrong.  

I'm going to use a bit of analogy here...For a real estate investor, a spreadsheet or calculator is a tool...Just like a skill saw is a tool for a carpenter...As a carpenter apprentice, you should learn the necessary 'skill sets' and 'crafts' to safely and responsibly use your carpentry tools to provide a professionally finished product for your clients.As a new real estate investor, one of your main 'skills sets' or 'crafts' that you should develop is the ability to analyze the financials of potential deals. 

If you're taking any part of an option fee in the contract and then assigning a contract , the CFPB and Dodd Frank look at that as some kind of financing arrangement as per my RMLO, and I want to protect myself in case the tenant buyer gets a lawyer and says that the "ability to repay rule was not followed".Bottom line get a RMLO with lease option assignments and underwrite the tenant buyer.

Of course this requires some knowledge, a great contractor, a strong grasp of ARV, an ability to put money in or find private capital and prices that stay where they are or keep going up4) Invest in a market that is a few hours away so you can drive there and do the same as step 2 but with a little less risk becasuse you can go there quickly if need be. 

Lower price, 6 months no interest, higher rate, lower down payment, you are really only limited by your creativity & ability to negotiate a deal that works for you.