Not saying you as an individual can't be successful there, but probably a lot tougher if you don't have great role models and systems and mindset.Not sure if it is an option for you, but also plenty of companies and individuals leaving your state for the reasons you state. 

My local credit union bank officer informed me that they cannot lend to an LLC, unless I go through commercial lending, which will have higher rates, and may be tougher to get approved because I do not have 2 years of business income tax returns.

I live in the Bay Area and buying houses in cash is a little tougher for rentals, flipping will probably be the same, so considering going out of state, any input will be much appreciated 😁 more blessings!

That means the lender will work off of the 89K amount and loan up to 97% or 86,333, plus the down payment of 3, brings you to 89,333 or, in this case, 89K.Loyd, you did good.While there is no requirement that an option price be credited toward any purchase price, simply by custom a buyer will expect this and it is generally given, without doing so your option price should be much lower and the marketing would be tougher as well.Loyd, your option price was on the money!  

It's definitely tougher but not impossible 

The lower your loan payment the higher DTI you can have. you didn't qualify for the loan at a lower owner occupied loan than another tho tougher option maybe is buy the loan down with a higher down payment.

In other words, you are borrowing to borrow, which I don't recommend.The market is getting tougher with high prices.

The best way to keep a project on schedule is to only pay for completed work.Yes, that's tougher to do in this environment when GCs have their choice of jobs, especially one you haven't worked with before. 

I think this can be an effective strategy depending on a number of factors - I do this type of investing both with my HELOC and the cash value in my life insurance (using the life insurance avoids the variable interest rate issue).You need to make sure that the investment you are making will have enough of a cash on cash return to cover the interest payment - as several have said here, that is tougher now that interest rates have increased on HELOC's. 

the question is are your 7 investments actual debt instruments recorded against each property.. which if they are they are probably fractionalized interests in each property via multi beneficiary which would give you some standing.. or if your just part of a pool that has 100% of the beneficial interest then like a note fund then you have a much tougher time .. with a fractionlized interest your interest would have to be dealt with to clear the mortgage recorded against it .. unless you gave someone power of attorney to sign for you.