There is a good chance they would limit the loan amount based on either appraisal, or purchase price + improvements (ie project cost), whichever is lower.

@Stuart I thought home improvements like flooring, bath updates, appliance updates under the name of a LLC help to offset W2 income besides the liability part?

Particularly on larger balance CRE (Commercial Real Estate) this rate improvements can lead to a dramatic increase in activity and investability. 

Time to go on a podcast and tell your story.Haha, yeah, I'm trying to work on improving my social media presence.

Doing this like a brrrr I see as the best bet, for example my property does still have room for improvement adding a bedroom and bath to the primary structure and then the ADU.

If you do find a deal and maybe it doesn’t cash flow for the first year or 2 but you can make improvements, raise rents on under market leases, manage property effectively and cover your expenses at least you will have started and can look for better cashflow over time.

Manas mishra- Realtor-317 432 7083 when you want to invest, improve and insure in reality.

I watched the videos on your profile and would love to connect if you don't mind :-)

Later, when you have more experience and time, you can learn how to crunch numbers and improve the rate of return.You don't have to be in a big city like Columbus, where everyone else invests.

tons of real estate investing podcast on apple podcast such as BiggerPockets, Lifetime Cashflow through Real Estate, Multifamily investing made simple, just to name of few. don't forget to listen to motivational and self improvement podcasts because mindset is everything