Another consideration is that if we have a major storm event, it is usually much harder to get a single family home back up & running than a condo unit due to differences in construction and difficulty in getting a contractor to focus on your home vs a larger condo association who can attract contractors that regularly provide services for the association or can attract contractors due to the scope of the project. 

Starting a full 501c3 is a mountain of difficulty.  

@Josh CasariI am going to assume you have run into some difficulty after starting this transaction.

I have called some local lenders as well as put in online applications but have quickly realized that since my LLC owns the home and it is not owned by my personally that it will be a bit more difficult. I

Lot's of different ways to skin it.  

Even being an agent I'm struggling to do my first but the difficulty is in my head.Did you plan to build this property yourself and was it being built and you purchased it after?

That price range is going to be very difficult. I

Prior to taking on more ambitious improvements, you might build confidence and expertise by starting with a turnkey home.In conclusion, even though BRRR ventures might yield large profits, you should consider the learning curve and any potential difficulties, particularly if this is your first purchase.

The interest rate is about 8.5% but the cash is accessible within weeks and we would only have to bring 10% down for our skin in the game.

I need my own money saved to put my skin in the game.