Tenants are always favored, even squatters by law.

You could offer her $100k cash down payment (or whatever you have to put down), a note for the remaining $400k in her equity with favorable terms (6% fixed with 30 year amortization and 5 year balloon would be my offer), then try to assume her remaining $400k mortgage.

Hoping I can return the favor one day. 

Sometimes those fall out as well and the listing broker has to come back to the regular buyers.It's all a cat and mouse game where both sides are trying to win in their own favor. 

If you have a Keller Williams office in your area, do yourself a huge favor and work with them! 

I'd like to use the private money to purchase the unit and then refinance with traditional financing after 12 months to get a more favorable payback schedule.So my question is this:Will most banks apply a different set of standards for LLC owned property that is cash-flow positive (as opposed to a residential loan)?  

We'd be happy to return the favor however we can!

Banks tend to favor newer developments that are 95% owner occupied.

I want to mainly focus on markets where my end buyers like to invest.FlippingStarting off, I plan to restrict my market to Orange County.Buy and HoldI plan to start off in Florida, maybe the Tampa and/or Miami areas since those markets seem to have a favorable rent to value ratioUltimately I plan on buy-and-holding in favorable markets all across the US where I can find good property managersCriteria:WholesalingIdeally, I will search for wholesale deals that fit the criteria of my pre-established buyers list.

Hopefully, it will turn out in my favor.... :-)