That, combined with light value add is a solid strategy. 

Take the property and any other assets of the LLC up to the value of the loan amount.

As I hear about but don’t necessarily understand the value.

How did you add value to the deal?

All of these duplexes are modular.Some things I have learned:1) Modular homes absolutely appreciate the same as a standard stick especially if you highlight to your lender the performance improvements such as:-Higher R value insulation.

The increases were substantial to where my taxes are well over 1% of the appraised value now. 

. - a membership only group but certainly adds lots of value for their members.

You didn't have any earnest money from them so you basically had nothing of value.2.

Usually people try to push bedroom counts up thinking that it will increase the rent or value.

You will pay transfer taxes based off of the properties calculated assessed value, and if the property is in Philly city limits as your post location suggests, you're looking at a payment of 4.278% of that value being paid at close.