@Daniel Devin JewellIt is fraud and illegal to amend your prior year tax return and include income that you didn't earn.However, it is okay to amend the return to include income that you forgot to report.

However, how to conduct transactions and banking within the LLC is probably best discussed with a CPA.

Yes there are many areas where they are illegal.

Look into how easy their preferred method is and as long as it can be traced and doesn't require high transactional fees I would let them use it.

It also depends on how the transaction is structured and legalities in the state you operate.

Look at the Hotels that are getting big Government Money, our Taxes, to house all the Illegal Immigrants that this Administration has flooding across our borders.

If you intend to do what most others do, you will likely be entering into the illegal or immoral arena so it is important to know HOW to do it right and legally. 

Tenant in question and her two roommates sent me rental applications but all three were incomplete and the names on the two roommates were so illegible that I could not put them on the 30-day notice and not be confident I got the names right.

We (my team, as an agent, not as an investor) interact with a lot of lenders every year on close to 100 transactions, so I can tell you which ones are great and which ones to run from (like Quicken)!

We plan to still use an agent for our purchase and let them handle that side of the transaction.