Drawing money from an LLC for personal use can be done as an owner’s draw (for LLCs taxed as partnerships or sole proprietorships) or as a salary/distribution (for LLCs taxed as S Corps).

If we were a GC and had cashflow for 2+ years and positive NOI they would consider a small business loan but outside of that, its challenging getting a business loan for real estate.

It's challenging to find lenders that are willing to be in 2nd position on an investment property, but I called quite a few during the process. 

In today's world you need to be about 28-35% down on properties to be gross cash flow positive, closer to 40-42% to be truly net cash flow positive(i.e 50% of your income goes to maintaining the property, other 50% is actually profit).My recommendation is to buy ideally a 4/3 SFR that's a starter-friendly one in a good area, and rent it out by the room.

Thank you You are obviously a sincere young person looking at improving your financial position.  

There is plenty of supply so I would either pass on this or write them an offer that makes sense from your position.

Hi Tom, Sounds like you are in a good position and have options!

I’d love to hear any advice or personal experiences from others who have been in a similar position.

Quote from @Luis Pereiro: Quote from @Jay Hinrichs: what position that's an important factor.. bare land notes generally sell for a 20 to 30% yield. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.