A lot of questions here...As your dad has a 50% interest, and a trust owns the other 50% of which you and your two siblings are the sole beneficiaries (I presume), it might be advisable to, after the trust interest is distributed, to have your father, you, and your siblings contribute your interests to an LLC in exchange for shares of the LLC (usually called "units").The property would be re-titled in the name of the LLC and the LLC can use it as collateral for a loan.It's usually highly advisable to engage an attorney to draft an operating agreement in this scenario to get everyone on the same page about ownership interest, who is/are the managing member(s), what happens when someone wants to sell -- do the existing members get 'right of first refusal', what happens if a member passes away, etc.

I am an experienced real estate investor, but had never operated as a loan agent before.

As an agent, this is how I typically operate as well.

I am a virtual assistant.

IRR is based on virtual reality.

Apparently he is still operating in some markets.

Where operators get into trouble in larger MF is lavish assumptions going in, placing the wrong debt on the deal, and not stress testing the deal/market. 

Hello BP,I am new at virtual wholesaling. 

Insurance is expensive in Fl. and higher for companies if you operate as an LLC or S Corp like me.

Hi BP, I'm Director of Operations for a STR Management company managing 90+ properties in the South.