Provisions of the Dodd Frank Law created the ATR (Ability To Repay) rule and QM (Qualified Mortgage) safe harbor.

That's a pretty unique benefit of BP, you have direct access to the top notch investors they bring in for podcasts.

We have this on a one page sheet and the buyer signs it.The seller must send an Auth to Release Info to the mtg company so the buyer can verify the house payments are current.The seller must report to the buyer when the mtg payments were made.You can either have the seller e-mail the buyer each month, or use a servicing company or I've had owners create unique logins to their mtg info online and the buyer can check 24/7.There are other small things, such as not withholding a rent credit for a late payment, but that all makes sense.Keep in mind...the law specifically states that ONLY SPECIFIC ITEMS OF THE PROPERTY CODE RELATE TO A LEASE OPTION.Also, the seller must have fee simple title, which is no big deal as that is how we hold title in TX, but you can't (per the law) do a SLO.

Just like self-directed IRA it allows you to invest in alternative assets, but offers some unique features that are not available with SD IRA, which make this plan superior to SD IRA and Checkbook IRA (IRA owned LLC).

You have no idea how uniquely different and awesome your podcast is to me is because you'reFrom SoCal!

Liability protection is important and without that entity you have none.Learn what you can about the different entity types and how they might fit into your unique situation and goals.

Each option you named bring something unique to the table.

He is responsible, ultimately, for the repayment of this debt.  

Possibly "loan" your LLC the money to get started with and repay at some future date.

Could I repay you less than what I owe you without your permission?