I've seen $20M construction loans originated with 4 tab excel spread sheets.

Buy a new Landlord policy assuming you'll rent this place out, but the keys are:  duplicate all the Insureds from the original policy, but adding your name or if in my ssystem the name of the trust the deed was moved into. 

I can supply any other needed info or answer any questions.thank you.P.S.: PLEASE, NO INFO ON TAX SOFTWARE, PORTAL REPORTING OR LARGE OUT OF STATE FIRMS.

Here's our answers, which are NOT legal advice:1) Most FNMA loans now allow transfer to single-member LLC without violating due-on-sale clause.2) You can still set up an LLC and use for business purposes if you "hire" the LLC to manage your property.

Looking to connect with someone who has gone through theprocess and can help share some insight, knowledge and answer some questions.

These are just some questions to be answered. 

If the property is sold for 30K and you bid 90% you get 27K and the original owner keeps 3K. 

@Taya Shavers if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid this expense.

Guests expect to be answered and catered to 24/7, hence why hotel have staffed front desks around the clock. 

To answer your second question, there are lots of things that could disqualify the deal or the borrower.