I'm still new to some of these real estate investing strategies and am certainly learning a lot. 

Alternatively, if its for the hopes of accessing future real estate loans via the LLC then it may be a moot point as a lot of these bigger banks won't lend on an LLC that's brand new and no history of cash inflows/outflows. 

I have a real estate attorney I can message you if you'd like help with the contract on the seller finance deal. 

I am new to the real estate business and this country, thats why I really appreciate any guidence here.Thank you in advance folks!

@Dan Bowe - The truth it, you need real life experience prior to taking other people's money.

(D) They are not acting as the agent of any other person or entity in purchasing the real property.

Since DSCR (Debt Service Coverage Ratio) is a standard commercial real estate lending metric, it's redundant to label these mortgages as "DSCR loans."

Hi there, curious if anyone local to OKC or an investor in the area knows of a website or has docs in regards to various zones/area codes and what their ratings/scores are in and around the OKC area. i.e. zip code: 01...

That would kick start your lending career quite nicely.

I wanted a real challenge with a real property with great potential.