@Shannon K. if the ARV is sufficient enough to cover your renovation and CC, then the short answer is yes.

We value quality over quantity and working with owners/investors who “get it” and are open to our input and control in order to help them succeed as we are VR owners/operators ourselves. - residential sales/buyers agent for out of state visitors who may transition into snowbirds and/or 2nd home investment propertiesWe’ve already spoken to attorneys and it seems we have “very good questions”.

The discussion here is that many of us are dealing with hundreds/thousands of transactions, and therefore Excel isn't sufficient for keeping track of finances.In your example above, regardless of whether it's one journal entries with 1000 lines or 1000 entries, the complexity is still the same if you're trying to use Excel instead of QB. 

As I'm conducting more research,  I believe it's best to start off without forming a legal entity until I secure sufficient funding.  

For example, we will need 16 ceiling fans and I'm wondering if that quantity can be purchased at a discount, and if so, where?  

We value quality over quantity and working with owners/investors who “get it” and are open to our input and control in order to help them succeed as we are VR owners/operators ourselves.- residential sales/buyers agent for out of state visitors who may transition into snowbirds and/or 2nd home investment propertiesWe’ve already spoken to attorneys and it seems we have “very good questions”.

Joe Villeneuve there is sufficient room in the numbers and I've seen what this investor can do, so I'm comfortable there.

Quality over Quantity.  

It's sufficiently common that I have the max sales price in my area with exactly 3.5% down memorized -- $648,186 for a SFR.

In our case quantity helps us because of our strict purchasing standards.