@J Scott - spot on as usual.

If caught, you could get in a lot of trouble and or the mortgage would be 100% due and payable on the spot. 

I'm not saying pitbulls cannot be sweet dogs, but there is a reason actuaries at insurance companies think they are too risky, it's not because they never do anything.  

Here is what I found out for our LLCs -- BRAVO Dana;  Well research, confirmed by mine, and succinctly expressed.The LLC per se is not part of the problem, but decision making and who holds deposits is spot on - - again BRAVO!

A bright spot of hope is that you are here on BP, a great place to assist you in both education and your network.

They tell me right on the spot that they will do the loan, because I'm talking with the decision maker.

What I don’t understand is how the UAW was able to negotiate such a sweet deal.

Mike That is spot on Mike.

Because the rates are incredible and they're amortized over 30 and they do 75% LTV.I have 10 total spots I can use but am still sitting on a 3 of them right now.When I first started, I did my 4 conventional and then jumped into commercial loans but still do a conventional every now and then.Another one I did was on the residential side because the product was so unique.

I had to put up more capital, but got a sweet deal on the overall price.