I have even had to pay a water bill from 2009 even though the property had changed hands 3-4 times since then and the water company never figured it out until now.

If the interest ever grows on you to fund out of state let me knowWill do Michael I just prefer to be more hands on and involved as an active partner in my deals.

I have no idea how long or if he will be able to obtain financing and I am contemplating transferring property to an LLC just incase. 

They are hands-off, institutional grade real estate investments, and they allow the option to diversify.

Is it possible to transfer a property from a LLC to an individual?

I agree that success and inconvenience go hand by hand in life.

One bright side is my office has 30+ years experience, down side, they are all really busy and new guy requires some hand holding at times.

On the other hand if you wholesale it and get it under contract for $60K and assign it for a $5K fee, then you take a short cut to getting to your $5K profit, but you miss the opportunity to learn the rehab part.As has been said before, verify your numbers...trust no one's numbers but your own, assume nothing.

I wonder if someone, who has had hands-on experience with arranging an owner-occupant loan for non-resident can help out my clients. 

Transferring the property into an LLC?