By day (and night, often enough), I'm a mortgage and structured finance attorney (secondary market bulk finance and conduit work, not individual properties or mortgages).

The thought is if it saves a big tax bill then it would be worth it to this individual.

And one suggested having a master LLC holding each individual property as an LLC within it.

At first, I thought that I'm inexperienced in commercial loans, so I reach out to 3 individuals that deal with lots of commercial lending, run it by them, and they all confirmed it was very weird and sounded very unethical.

The client site became a toxic work environment where an individual was putting words into my mouth and trying to disparage me to others.

Sure thing Alex, the only problem might be that you cannot own any real estate individually or jointly prior to application on this home possible program.I have yet to ask what if the ownership and the debt are obligationed by a corporation or LLC and if that would count against this "individually or jointly," ownership rule but I'd bet that would be considered ownership as well.

Exceptions can be made to make each of these DTI's be higher or lower but those are the general numbers.To calculate DTI not only do we take all the debts included on an individual's credit but the new house payment as well.  

There are only handful of national lenders who offer such financing, here is a list for some of the major ones: https://www.biggerpockets.com/blogs/2810/50272-lis...You can also get a private loan from individual investors, just remember that loan must be non-recourse.

Good Morning BP,I have a question about pooling money borrowed from private lenders.In my example, a real estate investor has 5 individuals who are going to lend 10k each for a total of 50k.  

In general, I dis-prefer funds for the following reasons:* Some GPs offer both individual investments and funds.