You would be in a better position if you were to purchase the property outright to get title in your name.

What kind of loan(s) did you use for the purchase, rehab, and refinance?  

Purchased a $535k duplex at 7.125% & have the opportunity to refinance to $548k at 5.75%.

For context and without going into the details of my situation, they recommended setting up a revocable trust and then setting up a Wyoming LLC as a holding company, then setting up a New York LLC owned by the Wyoming LLC holding company to hold the property for the asset protection and anonymity.However like I said I am getting conflicting information/advice.

Either book should give you enough information to act on.Here's some generic beginner advice: 1.

Alternatively, you can offer the seller a $50k mortgage secured by your land subject to the $150k existing mortgage on the property you’re purchasing.  

@Robin Searle Thanks for the Information.

Are they planning to purchase this as an investment property or primary residence?

You also have DSCR that "Does Not" use income - No income, No tax returns and just uses rents to qualify for purchase or cash out refinances.

I'm looking to buy a six-plex property in Watertown, NY, priced at $425k. The downpayment is 25%, with the seller financing 60% of that and me covering the remaining 40%. Each unit has three bedrooms. Does anyone have...