If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

I discovered that we had mutual friend (through social media) and contacted a close friend to see if he knew this person well.

I discovered BP and the BP podcast and am finally ready to get things going.  

I discovered bigger pockets from a YouTube video, which led to another video, which lead to another, which lead to me binge listening to the podcasts on iTunes. 

If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

Since traditional lenders are more conservative, although rates may be lower, as you have discovered, they require a higher credit score.

If not you get the judgement, it will be recorded and other landlords will be able to discover this about the tenant.

If you have other major flaws same thing applies.  

Then, they see a juicy income property come up for sale, discover they are house-rich and cash-poor, then they go looking for HELOCs and cash-out refi's.My $0.02...David J Dachtera"Success is not a destination.

I want to say the title search discovered land rent although we knew about it before closing so maybe our realtor found that although I'm not sure how.