You'll want to do a background check on whoever you are lending money to to give you a better idea if you'll ever see your money again.

We are looking to to transfer it into the LLC but the lender might not allow it.   

We want proof of financials to to mostly see vacancy rates they've experienced to compare the utilities (all utilities are included in rent and paid by owner) and make sure our numbers are close because 2 of the units are rather small and are high priced for the area (again, based on their current rental price claims).

The problem is that most sides don't know or aren't able to to both sides.

I bought my condo almost 8 years; I don't have much equity on it and I think my best option to get started is to to buy a duplex or 3 family house where I can house hack because as a single mom I think will free up most of my expenses which in return I'll be able to save it all and use it to save that 20% to buy my next property. 

If I fixed every single thing I'd like to to make it look awesome its a 39k reno, If I do a light reno just redoing kitchen, bath and some other things I could spend 20k.

But since I didn't at the time, I did what I had to to get the deal done.Downside of NOT using cash is closing costs & the hassle of the mortgage process of course.

Is there a resource or website I can point them to to show this is general practice?

Thank you Anthoney,  Appreciate your response.Very new to online education and Bigger Pockets fills the Bill...and more.Pumped to to land a deal in the near future...especially after listening to the podcasts!

@Brian Van Pelt makes a great point that will that can often be applied to to friends, family, coworkers or anybody you have a meaningful relationship with as relationships can sour just as much or more than a potentially failed investment, which is often enough for a person to avoid helping loved ones when large sums of money are involved.That being said, since you're looking at the risk vs. reward in this scenario, it could be structured in such a way that definitely limits your downside and maximizes your upside.