In fact he gave me credit for income derived through the LLC including all add backs in excess of my actual cash flow distribution. 

So, I was thinking allocating 50% of related expenses and that by treating as investment property I could actually get some tax benefits of doing needed renovations.   

I think it's not so much the actual price or interest rate. 

So you're self-managing to save money, but you don't have systems in place to actually manage the property?

I'm looking for your vetted referrals in the following areas:- Carpet - Appliances (fridge, washer/dryer)- Landscaping Maintenance- Delivery handlers or valet service- LVP flooringWe would really appreciate your knowledge and suggestions!

Jai Koolwal - that zip code isn't all bad, but I would want to see the actual address to give you a better idea.

Should I use online services like LegalZoom? 

I would prefer to use a listing service to place on the MLS.

A few tips:Make sure your friend sends an authorization to the underlying mortgage servicer allowing them to share account information with you in perpetuity.

The third-party Note Servicing company would take the buyers payment and pay the underlining lien and pay the wrap seller the difference.