While I don't disagree with the other comments, I do want to add something. 

Every license comes with its own responsibilities, fees, and obligations—like insurance, NAR dues, and other costs—so it’s important to think carefully about your goals before jumping in.I have to respectfully disagree with Erik.

I agree to disagree. 

Quote from @Kevin Sobilo: You disagreed but didn't say anything that was pertinent.

I strongly disagree with doing options 1 and 4.

I respectively disagree with the bearded one on that statement. great wealth in RE for the investor is made with appreciation is my perspective..

Now this might be controversial and some people may disagree with me (even some of my coworkers here at BiggerPockets may have a different opinion which I completely welcome), but I really don't think you should invest OOS in this current macro environment with less than $100k (down payment + reserves).

If you disagree with something or do not like it instead of using a downvote button to hammer someones numbers (Which some people cherish) You can simply state your thoughts in the open forum without affecting their numbers.

Examine the Collateral.... company is fine.. but if they are not there your left with the collateral.. then what

I disagree, I had a time when my name and the name on the insurance didn't match and the lender was all over it, regardless of the on-time payments.Your best bet is to refi into a commercial loan that allows the LLC (if you've already purchased the property), or close directly with a commercial loan / DSCR loan.