At the time I thought that was the best place to put my money, and live off of the rental income.Unfortunately, due to my income, I do not qualify for a traditional full doc loan, even tho I have reserves and 790 FICO’s across the board. 

@Avery Carl thanks, is what it is, thankfully have reserves to hopefully weather the storm.  

I'm contemplating my first deal using hard money, but have similar reservations.

I have been reading that the lending guidelines have gotten stricter with the this pandemic, they are looking at higher scores, reserves, etc.My question is:1.

My Buy/Sell agreement states the LLC has first right of purchase (by a vote of partners, using the LLC reserve funds), then the two partners (with personal cash), then the partner that wants to sell can look on the open market to have somebody purchase 1/3 of LLC if the LLC itself or two partners decline.

Do you know what a life estate is, a right of first refusal, a reservation of rights, a reservation of an easement?

Most of the time I find that the investor anticipates on being paid by the sponsor no matter what so if you in times like this (a pandemic), do you have reserves to pay your partial partners even if $ isn’t coming in the door?

If your your home sits on the market for a long period of time in attempt to get"your price," the 2 month re-servicing period might not be of any benefit to actually saving any money.  

Look for a drip pan under it (like a cookie sheet ) If the pan is full empty it, if it's missing pick up a cookie sheet from the dollar store to use as a drip pan.

@Andri Grullon - you can store the funds drawn from the LOC in a high yield savings acct to cut your interest expenses by ~ 50%.