several  years from now when you refinance ,  the  value  of the building  should  hopefully support the loan amount  you will need  in order to  pay back  your donor

@Jeongmin J.There are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice. 

My gf works for a Chinese company here in Shanghai that sells foreign properties to Chinese and have been doing it successfully for several years now.

There are several ways to value park-owned homes vs lot rentals. 

Luckily it was caught, added onto the HUD-1 and I was left with no obligation to it.I've done several Multi family transactions prior to this without the aid of an attorney and was never made aware of this concern. 

I’m an investor and have been for several decades and please believe that being forwarned you should be forarmed...

It has done so in the past several times.

Just kiddin'.Anyone going through foreclosure has several things going on: 1) They are under a lot of stress, 2) Everybody is mailing to them and knocking on their door, 3) They are embarrassed, 4) They feel helpless, 5) They have the belief that winning the lotto will bail them out at the last minute, 6) It's the bank's fault, 7) This can't be happening to them, 8) They don't want to sell, 9) The house (even though it has a leaky roof and hasn't been kept up) is worth more than market price, 10) Believe you are there to take advantage of them, 11) Believe the government should do more to protect them, 12) Believe that their payments reduce the principal directly proportionate to their payment (Have no concept of compound interest, what Einstein called "the 8th wonder of the world"). 13) They can file a Chapt 13 bankruptcy at the last minute and keep the house if they have income, 14) They will wait until the day before the sale and call you if none of the other solutions work.Your opening comment should be " I buy houses in the area and I was wondering if you or someone you know might be interested in selling".

The owner of the property has several other properties that are just sitting there. 

@Temitope,  I’ve invested personally in several, looked at hundreds of offerings, and  interviewed hundreds of other investors on their experiences.Crowdfunding is just like anything else, and there are both good and bad opportunities.