My first rental property

[Adonte Lipsconb]

Hello BP I need help I want to purchase a rental property. I need 20% to put down and the seller is willing to do owner financing for 5yrs at 7.5%. The property is $250.000. These are the questions that I have. 1. Do I start a LLC first. 2. Which is better hard money or private money for the cash to put down the 20%. If neither what is the best creative way to get in to the deal. 3. Do I use a small bank to refinance the property to a 30yr fixed. 4. Do I need a realtor. I think that this property would be great for my first buy and hold. Also within the next 8 months I will be moving to the city that this property is located. Thank you