My assumption would be that the decision becomes simply a numbers equation.

Here's the thing, you will not be able to wholesale a HUD property, until after you complete the sames contract, because their simply isn't enough time.

Stop trying to force a square peg in a round hole. 

You are simply showing them there is a market for them to make money and you to do the work.This will get their interest, and hopefully an actual commitment.  

There are too many factors to consider.If you're simply looking for legal protection, a much simpler option is to purchase umbrella insurance of $1 - $2 million. 

Otherwise, any return you could make simply may not be worth the risk, or will cause you years of sleepless nights.All the best,Jack

She is holing 51 percent of the company for credit purposes on paper, but will maintain as a silent partner.Our initial idea was to Refi her primary residence to capture the existing 140k of equity in the home and to take that over to our new LLC as starting capital.We have hit a months long snag with the bank who is requiring a co signer as the only way to move forward.

Or if it is a flat rate for the job, have a contract outlining the scope of work and what you will pay to complete that scope, as well as any draw schedule.Then you simply write them a check from your LLC check book and log it in quickbooks.  

There are more people simply looking for housing than is available in most of the the NW.Feel free to reach out if you want to have an offline conversation.

My mortgage broker told me to simply get the "second home" insurance policy in order to secure the mortgage and then change the insurance plan later.So now I'm looking to move it into an LLC and convert the insurance policy to an STR, but I'm a bit worried about the implications.The lender said it's fine to convert it to an LLC and that this would not cause any changes to the terms.