In the event that something goes south and there is litigation, it is much better if your LLC is a party and not you, and hopefully your LLC does not own many assets. 3.Due Diligence ItemsDue diligence items in the contract are essential even in a wholesale deal where you ultimately will not close the deal yourself.

What is your ultimate goal for this loan?

Ultimately, the lender would want to see that you have some consistent payment history towards an obligation. 

@Christian DiCroce I don't know if Cleveland is one of the Ohio areas that is on your Radar or not but since it's been brought up here is some food for thought for you.If you are looking at Cleveland I recommend checking out The Ultimate Guide to Grading Cleveland Neighborhoods.

That is a tough question to answer depending on where you are looking to ultimately invest. 

Ultimately whichever way you choose it seems like you're going to take some monetary hit in some way.

Do you care to share your experiences with the VA system and would you mind sharing which agency you ultimately went with and found the most success?

I had a buddy who invested in Orange because of the cashflow but he ultimately got out due to high vacancy rates and less than desirable appreciation. 

My ultimate goal is to become a real estate investor, except I don't have any prior experience in this industry and am still a bit lost as to where to start.

However, it's puzzling in the context of all the other tax-advantaged options that provide a parallel "foundation for real estate investing" offers, which is, ultimately, the stated purpose/title of this entire thread.