We will definitely crunch the numbers as we get closer to closing on a deal, but the very general ballpark numbers are to find a SFH with an ARV of 140-150k, 20-25k ERC for a purchase price of 70k or less.Assets we will bring to the partnership include:- We will bring the deal- We have the time and ablity to manage the project- We have relationships with local, trustworthy contractors- We hold a RE License to reduce closing fees and to market the propertyIf you were in our shoes?  

Do I need to have all new documents created for my solo 401k plan since the employer would be changing from myself (sole prop) to my sub chapter S corp?  

Marine Credit Union is fairly investor friendly and they focus solely on commercial loans.

You have to be careful if you are a sole member of the LLC.  

Being an agent and working solely off commission doesn't help when getting a loan, and with my wife's recent purchase of our primary home, her DTI may be too high.)

However, before thus you really need to understand what a property is worth to you, what you're willing pay, what it will cost to step into the shoes of the seller and how to put it under contract, including any legal language required in your state.

Overwhelmed brother is acting as decision maker,  (MIA gambling-addict) son would be sole heir if borrower dies intestate.The owners of the note have had contact with borrower's brother.

He's and old school, shoe box record keeper.

@Leah BonnerPut yourself in the seller's shoes.

Unfortunately this doesn't work out with primary residences***If you want to avoid it in your DTI for future deals and your wife can qualify for the refi on her own it may be worth having her do the refi solely in her name.