That's pretty low for a 3-BR - I'm seeing the FMR for a 3BR in that zip code is $1,850.But at $1,300 for rent, you'll probably find HMLs that may lend you around $120k if you have a good credit score in my opinion, which means you'll need $45k + closing costs.

Up here in the Reno, NV area we are seeing strong population growth from CA because of tax advantages and a different political climate than CA while still close to friends and family from CA. 

This is why most wholesalers are terrible because their numbers are never even close on the repair costs.

Will the title company put this property under our LLC name, and won’t be required to legally inform HUD/tax authorities. - will it influence property taxes once we move to conventional loan in 3 yrs? 

Quote from @Steven Cornell: I'm currently researching the prospect of short term rental markets relatively close to home which is Saratoga County NY. 

Which is better way to legally structure the properties for protecting assets against tenant lawsuits.

During this time I did not have any utilities turned on, and when I called to have the water turned on today, I was told there was a charge of close to $500 as a service fee going back to when I purchased the home in March 2024.

Just that this was my effort to get as close to realistic as I could. 

For beginning investors the financing is critical, but more experienced buyers rely less on financing because they have other avenues of getting the funds to close.

It is a frightening experience but if you have the right team in place you'll be confident in the property you chose to close with and it will go smoothly.