You can get a conventional conforming loan for the property if you have no more than 9 other residential properties with loans (rates and terms are better with conforming).

In order to do so, I need a drawing made to show that the driveway will not violate my city's mandate that a front yard can be no more than 50% cement.

Probably cost you no more than $100.  

In order to get 100% of your cash out you must ensure your all in costs (purchase price, Rehab cost, Closing and Holding costs) are no more than 70% of your ARV/Bank Appraised Value.  

Pay no more than $9000 and keep the $1000 for unexpected repairs.

So, pay no more than $180K.In two years hopefully the market has appreciated or at least followed inflation and now those $250K houses are worth $275K and you are easily able to sell for $275K since your place is nice and updated.  

Setting up an LLC should cost you no more than $1,000 through a company like Legalzoom, which will walk you through pretty much every step of the way. 

You take your "seed" money out of the stock, and you have no more returns from that stock.You "use" your seed money to invest in real estate because you can get it back out, invest it again, and still have income from the original investment.  

Then again, I also don't care about the local lender as they "sold me out" (kidding) and I have no more dealings with them.

No more problems.