You pay more interest but the process is smoother .

Hey All,I have reached to my accountant about this but thought I would ask  here to see if anyone has done something similar.An LLC of which I am the manager, and my SDIRA is the only member, is in the process of acquiring a property subject-to.

"Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:A transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) to a limited liability company (LLC), provided that the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence)."

This process has very strict rules and required a professional middleman called an intermediary.

The reason I ask is because I live out of state and I am curious as to how different that process is compared to investing close to where you live?

After you select a property, the realtor manages the offer and closing process.

Over half of their spots are not filled and the ones they have are very undermarket.

Complaints I've read on BiggerPockest forums have included: vacancies not getting filled, repairs completed at high prices (not getting competitive bids, large mark-up), poor tenant selection, delinquent accounts not being pursued, PM has too much power (utilities in PM's name, contract with PM makes it almost impossible to fire, rent payments will continue to go to PM even if you try to fire him/her, PM doesn't give LL records to justify billing.)

It makes the decision making process black and white. 

Has anyone successfully navigated this process?