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.

I'm a call report junkie so I like to look at construction loan and commercial real estate exposure as a percentage of the portfolio to see what the bank's appetite is for real estate.Karin DiMauro don't discount the ability to use the asset you are rehabbing as collateral!

Bon Appetit :)

It really depends on your appetite for risk in my opinion.

From then on, my appetite for learning about investing grew and now I’m working towards achieving my goal of buying my first investment property in the Bronx by the end of 2023. 

appetite for riskYou can absolutely get a job in RE but keep in mind that it is a cyclic industry where you have to be entrepreneurial to survive downturns, especially times like now when a lot of RE firms are 'trimming the fat' (true in general but even more so in RE)If you're dead set on a W-2 in RE with a good (it's relative, compared to tech, W-2's in RE aren't nearly as exciting) salary and stable, try looking at working for a developer maybe as an analyst.