I think it’s best to just pick one way from the get go and leave the property in whichever you choose.

I'm sure whichever route you choose, it'll be a good one!

However, you should still take the time to do it right and stay with the legal boundaries, whichever avenue you choose. 

Good luck whichever way you go!

If its already using the 112 number then they go back to the 110 1/2 number.Or the other option would be 110 Elm number 1 and number 2,,,or "A" and "B"...Whichever works better for your senario. 

PJ, I'd say start with a local bank or credit union that you already do business with.If you don't already do business with any of them, I'd say start keeping your eyes open for whichever ones are near your home, since you'll want it to be convenient.Once you start to be on the lookout for them, you'll start to see them everywhere, at least that's what happened with me :)

But if they are seeking to hold a property for any length of time and want their cash investment back there are some important rules to understand with conventional loan:If you buy a property with cash (or with a HELOC) you can receive a cash out loan on Day 1.There is not a 6 month waiting period with receiving a cash out loan if you purchased a home with cash or with a HELOCBUT you will be limited to the amount of....Your purchase price + closing costs (costs when you purchased the home)OR75% of the “After Repair Value”...WHICHEVER IS THE LOWER AMOUNT (super important)These rules are important to understand so here are two examples:Example 1: If you purchased a home with $50k of cash, and put $30k of renovations into the loan, and the home was worth $100k. 75% is $75k and $50k is your purchaseprice.

From there I would either continue as a full time engineer [continuing to build my portfolio] or full time real estate investor [whichever I find more fulfilling]. 

Because there were all these unknowns about the property (since we couldn't look inside before the trustee sale) we decided that we were only going to buy in neighborhoods that I knew very well (floorplans, rental rates, values, etc), and that we were going to run the numbers as both a flip, and a BRRRR, and whichever one would bring us the best result, that is the exit strategy we would employ.  

My main confusion was about filing a DBA without filing for an LLC (or whichever structure is most beneficial).