I don't necessarily endorse those options, I'm just throwing them out there so you can be aware of them.One thing I'd watch for is that your purchase price of $220K plus the $80K high end of your renovation budget adds up to $300K, which is exactly 80% of your low end comps at $375K.

Anything I post about Lifestyles Unlimited is strictly from my personal experience and should not be construed as an endorsement of Lifestyles Unlimited.

"The Greater Philadelphia Association of REALTORS has endorsed the bill." from another article.It seems like agents are pissed that they can't make as much money as some of these wholesalers.

One thing to remember about taking stock market advice from Dave Ramsey is that it is all meant to steer you towards one of his "Endorsed Local Provider" financial advisors selling you mutual funds at higher fees than you could achieve buying low cost funds from a firm like Vanguard or Fidelity on your own. 

I understand she can probably do it and here co-workers (maybe the younger male ones especially) endorse it, but what if your managing broker doesn't like the goods being sold?

Dustin- you won't get an endorsement from me of any guru, and I WAS one.

If you can't find someone to finance you through your LLC, buy a personal umbrella with a rental property endorsement.

The dwelling coverage does have a big impact on the final rate.If you choose the latter option, it can be cheaper, but you would want to consider an endorsement for replacement or repair cost on partial losses, otherwise any loss, no matter how minor, would be subject to depreciation.

I would supplement @Russ Seiler's endorsement with a word of caution and a recommendation that you review any "creative tactics" gleaned with a tax accountant and/or attorney before putting them into play.There are still a number of "Rent to Own" providers in Canada who are operating in a manner that is "grey" and out of step with CRA publishings.  

Having said that, I am a very aggressive taxpayer but I stay with in the "letter of the law" and I have seen many  conservative CPAs endorse this method without issue.