Be ready and commit and at the same time understand the risks and understand you’ll make mistakes.

Your first step is to figure out if you're comfortable committing to the full 2-3M  If you decide you want to live in the more prestigious areas, you'll probably need it. 

@Vincent Plant small business are tough, really do your do diligence on the company and the owners, its a long term commitment that can go south quick.

Account Closed You can get preapproved / commitment to financing before forming the LLC.

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Your mistake is in reducing her financial commitment from $600/month to $350/month.

I am new at rei but am committed to going all in and working in a full/time capacity.

I guarantee you that the next servicer/lender is not going to honor a verbal commitment from a loan originator at a previous institution.

In my experience no city planner or dept. worth their salt will ever pre-commit themselves on zoning matters, particulary when there's a zone change.

I have a written guarantee from the BC side to purchase the property, now I know the word guarantee in this business is just that a word...lol But my BC buyer is a Regulation D fund that has committed to buying the property way before I even found it.