Whoever foreclosed would get their full debt paid, and whoever was in second, by design, by subordination or by default, would stand to get excess proceeds before the borrower would.

@Ashish Acharya don't the Membership Certificates have an area on the back to designate that like say an investment account or the like?

Prior to the termination date of this Lease, Tenant may request Landlord or Landlord’s designated representative to do a walkthrough of the premises for the purpose of inspecting the condition of the apartment as to whether it is satisfactory to Landlord.

@Gary BurnettThe LLC needs to designed utilizing the tenets of the Swanson vs IRS case that established the foundation of the checkbook Ira. 

Like @Alexander Felice mentioned there are asset-based products out there designed for investors with high DTI, the desire to vest in a LLC, 10 + mortgages, unique scenarios, etc etc. 

Yes design temperature is 74.

Asset deplition loan programs are usually designed for this.

This is not good for Minneapolis.MINNEAPOLIS (FOX 9) - The Minneapolis City Council voted unanimously Friday morning to approve a controversial new ordinance designed to protect renters.

Here is a quick high level summary of things you need to consider before you close the land.Check with the city or county to determine what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.Check to see if you have to install any manholes, fire hydrants, curb, gutter, sidewalks, street signs, street lighting any specific street design or access requirements,.Check DOT requirements for access, stop lights and permits, traffic studiesDWQ requirements for permits, permit fees, time framesThis is a broad overview of the process and your civil engineer can handle all of this but it's good for you to know exactly what's required.

Total re-design and remodel.