You need to seriously consider ditching this person and replacing them with a pro!

If they need any receipts/invoices, those are all in their portal.I personally would keep a spreadsheet to double-check numbers.

Very frustrating when I qualify for a HELOC but its getting stopped due to LLC vs my personal name. 

I'm the type of person who needs to be hands-on to learn and understand. 

I am aware that NJ has a personal occupancy provision in which the landlord gives at least 2 months written notice stating that the owner would like to occupy the downstairs unit once the tenants lease expires.

It will be a DSCR loan, under your US entity or personally held.

The Title company does  a search to see if the person selling has the legal capacity to sell, to find any  other owners, mortgages and liens on the property and to identify anything that may affect ownership to the new buyer.This is all done prior to signing for transferring ownership.It is not related to doing the Lease or the Option.Yes, the option fee is used as the down payment.

There was a recent post here on BP where the person lost all their money in several deals and would not call out the sponsor.

Hey Mike, I do a TON in Detroit and talk to folks that are looking to invest there every day.This company/site has come up in conversation before, but I can't say I know much about them.

We are trying to do a few of these backyard conversions this year.