There is a good chance they would limit the loan amount based on either appraisal, or purchase price + improvements (ie project cost), whichever is lower.

When you have a few good cash flowing properties under your belt then you can push it a bit more but be patient with your first few and look for the deals that work best for you.Rochester is a good area to be starting since there are a lot of properties that are relatively inexpensive that have room for improvement so there will be plenty of opportunities for you, but I'd highly recommend you go to your local REIA (Real Estate Investors Association) and speak with them before jumping into anything.

However, it can now better accommodate someone with a disability, and they can add any equipment needed to further improve accessibility.

Initial rehab of your property is not "repairs", it is "capital improvements."

@Stuart I thought home improvements like flooring, bath updates, appliance updates under the name of a LLC help to offset W2 income besides the liability part?

Manas mishra- Realtor-317 432 7083 when you want to invest, improve and insure in reality.

Doing this like a brrrr I see as the best bet, for example my property does still have room for improvement adding a bedroom and bath to the primary structure and then the ADU.

Time to go on a podcast and tell your story.Haha, yeah, I'm trying to work on improving my social media presence.

tons of real estate investing podcast on apple podcast such as BiggerPockets, Lifetime Cashflow through Real Estate, Multifamily investing made simple, just to name of few. don't forget to listen to motivational and self improvement podcasts because mindset is everything 

Later, when you have more experience and time, you can learn how to crunch numbers and improve the rate of return.You don't have to be in a big city like Columbus, where everyone else invests.