Closing in an LLC is also allowed with DSCRs if that's a concern.

For instance, if I buy a house 20% down, 5% closing prep costs where the rent matches the mortgage, interest and tax and assume a 5% rent growth and appreciation, I'm expecting an 11% total return which is just not good enough for the hassle involved. 

@Blake Kirby I just finished the first half of a successful 1031 exchange for BP clients from California...the second fourplex closes early next week.

Why are you double closing in the first place?

As Account Closed mentioned, the first question is to decide if you want to invest actively or passively. 

I hope to net around $800k after fees and closing costs.

Hi-I'm in search of a wholesale/investor friendly Title Company in Central PA (preferably somewhere close to Altoona or State College). 

.- Most contractors will cut corners, or worse, once they figure out they won't be watched closely:( Your job will also go to the bottom of their priority list.Monitoring progress is relatively easy: hire that same inspector to go by weekly or before any payments to take a VIDEO of:1) What was done2) Quality of workmanshipOne other thing you didn't ask about, payments to contractors.- They all want 50% down or as much as they can squeeze out of you. 

Now, you are asking can you use a Gap/Transactional funder for the downpayment and closing costs? 

Both groups are showing up with a clear purpose, need a good night's rest and want a safe place to live close to where they work/study.