Good luck.Keep putting in the reps and one will popGino

In your shoes.  

And second, they couldn't speak specifically without authorization on that loan, but the rep said it was likely the PMI would stay on the loan.

It doesn't matter where the note is held, it can be assigned to any entity or trust after it is made, it can go to another LLC, your Trust or granny's shoe box, it matters not and that next entity is not the lender, it will be the note holder and servicer if you collect payments.

If I were in your shoes with $10k saved up I would do one of two things.My first instinct would be to get into wholesaling if you haven't already, it's not easy but it's definitely something that will help your real estate investing career tremendously.

I was recently in touch with a sales rep from a MF development comprised of Townhouses and Condos that I have been looking to invest in.

If the numbers work, and if the building quality is good, then I wouldn't be afraid to tackle a project like this if I were in your shoes.

The sales rep is very knowledgeable and we have a good rapport but I just saw some very negative review on Yelp.

I also am a top sales rep for them so that could have something to do with it.

If I were in your shoes I would go the direct route and just portion it off in the percentage of how much each person owns towards the property.