Contractually, you can agree to what will given as a balance due, but the lender will base the loan on what is attributed, which often means that the borrower will not have the equity they think they do to get the loan.

The predictions are not much better than the type made by sub-prime borrowers who figured that if the market keeps rising they could sell for a profit.Maybe it was just comedy and we both missed the joke.John Corey

what is the best approach for a newbie sub to, lease option or the traditional home or apartment borrowing?

As mentioned, this doesn't stop the IRS from redeeming the property tax lien.

I don't want it to effect my borrowing ability for my future primary, also in the 500k range.

Hope you'll take off your coat and stay a while, and not just stop by.Jon

A higher risk borrower should pay more in interest, maybe more in fees and generally there would be a larger down payment expected.If the LLC and you were equal then just keep the property in your name.

If you buy then there is the interest on the money you borrower (minus possible tax savings) plus all the maintenance costs.Long term owning a house looks to be profitable.

We borrow from commercial bank lender.

I assume no money down because you're paying that amount, whether you borrow 100% or use a downpayment.