I can’t stress enough how important it is to stay focused and avoid some of these common pitfalls early on.Quick thoughts:Find the right Realtor – Make sure they’ve got some skin in the game with househacking or investment experience.Budget = Game Plan – That pre-approval is your marching orders.

Has anyone had experience working with them before or this kind of model? 

Quote from @Tricia O'Brien: This is a common problem.

Im currious the kind of loan option available for this kind of property.

Could/Should the 2 LLC's be tenants in common for the new property purchase?

@Daniel Dixon If you're in Haughville it's kind of hit and miss.

Just don't know what kind of contractor I should be looking for, drywall/ceiling repair or I need to call water mitigation contractor first to have the ceiling dried first

Isn’t that kind of weird — how can it always be a good time to buy??

@Jay HinrichsThat lender yes made a very bad investment which I am being kind with those wordsI have a non performing loan in BK and a person gave this person $60k loan unsecured while they were in bankruptcy and never even ran credit or checked on his backgroundShe now wants to sue for fraud which great your suing someone in bankruptcy - the money is gone.

Software is a common question on BiggerPockets.