Business loans typically won't let you purchase a property if you read the fine print.

Instead, consider a HELOC or home equity loan to fund repairs, as the interest may be deductible if used for home improvements.This post does not create a CPA-Client relationship.

I currently work for a property management company also located in the Midwest so please reach out if you have any questions!

Quote from @Gamal Harding: Anduril Industries' Expansion to Columbus: A Transformative Move for Real Estate InvestorsAnduril Industries, a prominent defense technology company based in Costa Mesa, California, has announced plans to establish a new manufacturing facility in Pickaway County, near Rickenbacker International Airport.

Your estate agent and the title company should be having them pay any unpaid water bills upon closing - this should be shown on the settlement statement.

I'm from Louisville KY and traveled to Bloomington for a Big Box company as a trainer.

A non-recourse loan is an option if your SDIRA doesn't have enough funds.

Next question.... will you self-manage it, or turn it over to a professional management company, or some type of hybrid? 

While this is a great and highly motivating goal, most people are either clueless or incorrect in their belief as to what is required to obtain this “lifestyle”.Understanding of the “how to” get there is further obscured by the misleading, and often patently false “pathways” sold by real estate educational MARKETING companies as workshops, upsold to association memberships, upsold to mentorships.

Your personal loan has a 5 year balloon period.