A land trust provides anonymity (you can hold and transfer properties outside of public records) Then I have my LLC be the beneficiary of the land trust.

There are so many moving parts in a BRRRR deal that you need the security of your primary income.

Let's take this off the public side. 

I hope someone with experience can help.The property is a 3-bedroom, 1-bathroom house according to public records, but the current owner converted it into a 2-bedroom, 2-bathroom about 10 years ago without permits and updates to the records.Questions: I'm planning to use a conventional loan.

And dun the security deposit for the amount that it cost to restore it.

I was recommended Security Service Federal Union.

What key factors should first-time borrowers consider when securing funding for their initial real estate investment?

However, I could also do the opposite if necessary to secure the loan.

I often feel the cities are unfairly targeting investor, requiring repairs that are not required of the general public.

Besides survey issues you have to deal with HOA's, obtain tax clearance letters from the government and all deeds, except condos, must be attested by the public surveyor before closing (that in itself takes a week).I don't want to discourage you because I think investing in the islands can be lucrative, I have just seen many people from the states go in thinking that because it is the U.S. that it works like it does in the states.