First, and most preferable is WITH lender consent.  

Hopefully the first of many

I had hoped to offset it with my capital loss carryover and haven't planned for any expense documentation etc. can I make the case that I am not a dealer because this is my first time and also have a high w2 income relative to the LLC profit? 

I don't even mind paying ridiculous interest rates as I understand this is a big ask.

I would like to interject, while data drives decisions, one of the first things I'm looking at is the location and surrounding area. 

To maximize your investment, use financing options like FHA or conventional loans, analyze deals based on cash flow and cap rates, and network with local investors through REI meetups and BiggerPockets.Good luck!

The last tip, I would also see about the first option above I mentioned and add in staging if you do not have it. 

So, a 5% error rate?

Hello Solomon,A few tips I have for you would be to first; Analyze Deals Properly – Use the 1% rule (monthly rent ≥ 1% of purchase price) and calculate cap rate, cash flow, and ROI before buying. 

- Dividing by 3 units (you have to live in one for first 12 months) leads to $1867/unit/monthly rent.- Dividing by 4 units leads to $1400/unit/monthly rent.What are you factoring in your ROI & cashflow calculations for maintenance?