Unfortunately it does have a negative connotation in folks minds which I had at first initially.To the original poster Jason - I will tell you this - do your homework when you pick a facility for your MIL - the big/flashy do not always give the best care - you can have all the amenities in the world but if you do not have happy staff, good management on site, and a host of other things in order your MIL will not receive the care she needs. 

I received one year of paid home owner's insurance, Taxes prorated at 105% and $500 towards closing cost.

Justin -- you may have already received the clarification you were seeking, but in case you haven't, wanted to provide some insight. 

Thank you Lexi, I will verify the info I received which was from listing and get to view property as well.

Next, the investors would get 100% of the distribution until they have received all of their capital back. 

For other novice landlords out there when a rent payment does not go through and the tenant tells you "someone hacked their account" this is a lie 100% of the time and a indication you will not be receiving any more rent.

We sold it 1 week before our listing date then received a 2nd backup offer on day 1 of being on market for 1st weekend open house.

Does any body use this program.

If I stopped the 2k addtl then interest would be above 100k... hope that makes sense My goal is to sell the rental in 5 years which I would receive about 100k after all the expenses etc.. and the money saved not having a mortgage payment which would put me right around 300k in 5 years.

You should not even receive a letter from the bank.This article can explain the general process of taking a property into your own name and transferring it into the Land Trust before assigning it to the LLC.