Without them I would not be where I am today in real estate investing.On the other hand, I never really took on a contracting mentor and it took 20 years to fugure out that business.

Borrowing $200K at 4-5% will cost you $8000 - $10,000 of interest each year. 

2025 is approaching fast, and I know many of us have already started our business planning for the year ahead.

The primary risks at this point would be       1) to your lender, the risk of a margin call.       2) To you; underestimating the true cost of a project and cost overruns      3) To you; legal risk of securities regulations if you partner looses money. 

What other company offers business income loss and up to 15k for dealing with squatters?

Would taking out a small business loan make sense st this point?

With an LLC, you may be able to deduct business expenses more effectively and avoid double taxation.

LTRs with long term conventional financing and standard management aren't really cash flowing anywhere right now. sure, there are lower cost markets that look better on paper, but there are costs associated with those supposedly cheap markets as well - deferred maintenance, more challenging tenant base, higher cost turnovers as a percentage of the rent.2. i wouldn't pick a random market thousands of miles away based solely on statistics or numbers. 

Quote from @Bret Hudson: Do NOT do business with Deal Machine or their affiliates.

@Hank Bank BRRRR is probably want you want to do.Buy, Renovate, Rent, Refi, Repeat.Before you go all in and either find out you don't like being a landlord or you make costly mistakes, start with just the next one.You'll have some challenges with tapping the equity in the townhouse:1) What loan amount can you qualify with your credit & income?