Start to get a feel for who has money to deploy and who has an appetite for investing with you.

PM me (include your email address) and I will make some introductions to banks we know have an appetite for multifamily.

Different lenders have different layovers/risk appetites.

What's the current appetite of State Farm with Single families and multi family?

I guess everyone's risk appetite is different but recasting allowed me to increase my cash flow thus giving me more confidence.

Supply is seriously suppressed.

A small community bank might do a deal or two for a depositor that they do other business with to keep the relationship, but they truly don't have an appetite for a flip business.

the calculator is really just a guideline but how much you can spend really depends on your lifestyle and what kind of other income/debt and your risk profile appetite. investing in real estate may not be suitable for someone making only 40k/year but decided to have a brand new land rover, this business would kill you fast. but if you literally have zero debt and have good discipline then this business is good.for REI general guideline is 1/3 of net income can be attributed to real estate.

Then it becomes more about the economics of the deal.You will have to put together the deal with all the facts as you know them, do an analysis of the condo sell out and bring it to a bank that has experience/an appetite for these deals.

You can start with Option 3, but when you decide to upgrade to option 1, you have lost the anonymity in the process when you transfer the member to your holding.Option 2 is a no go, as if you need to go to court, lets say for an eviction, the court will not recognize your out of state LLC and you will have to foreign register it in that state, making you pay the fee in two states instead of only one.Option 4 is a personal decision regarding your risk appetite.