They make a commission when they refer someone to StrongBrook who invests in real estate, OR when they refer someone to the StrongBrook Mentoring Network.)Anyway, I give this clarification for a few reasons: StrongBrook is an excellent choice for most investors who want to get into REI.  

I view it as a personal choice to get that for this kind of pest, but I want to make sure I understand my landlord responsibility before we discuss it.Any experience with this conversation?

Skip the LLC and buy/borrow in your own name.

If you have to borrow hard money, or are looking for a huge return then it's definitely dried up compared to 2/3/4 years ago.  

I use Quality Choice Title.

Would I borrow via heloc to purchase rentals again, not only no, but hell no.  

We are both going to put in $40,000 or so and then borrow the rest from the bank.

In fact, they are able to do this full-time now thanks to the volume borrowed money allows them to move.

In many states double closing is now illegal. the term Double Closing means that you don't use transactional financing and you don't actually put up any of your own cash (or your own borrowed money).

I would like to borrow money from his equity(and he would be ok with this too) but he could not get approved for a cash out refi or line of credit due to his now very poor credit.