For this project, that would mean targeting land in the $1.5 million range.

I’m in my late 20s and not in a rush to retire, but my goal is to achieve financial independence in the next 10 years through real estate.I’m considering two options:Option 1: House Hacking with a Multifamily PropertyI probably have to use all my cash for the down payment, and the rent income won't cover the mortgage.

Quote from @Mackaylee Beach: Vinyl flooring is my top choice for achieving a clean, modern look at a lower cost.Its versatility and durability make it an ideal option for various rooms, from kitchens and bathrooms to living areas and bedrooms.

Target neighborhoods near Bradley University, research rents, join real estate investment groups, connect with local agents, use the 1% rule, prepare for financing, and seek advice on cash flow and property analysis.Good luck!

What are you hoping to achieve in establishing an LLC?

My calling is to help as many people as I can to achieve at every angle of their lives, so I am passionate and ready to tackle this new venture.

For example, if a home's ARV is $100k and repairs cost $15k your target purchase price would be $55k. 

There are good people who, if they could, would choose to live in Class B neighborhoods, but they can only afford class C....that is your target resident.  

The easiest way to get started is to come up with a target and work backwards from there.

Proper structuring with professional guidance is key to achieving both parties' goals.This post does not create a CPA-Client relationship.