(new bathroom and kitchen) the only thing we'd possibly do is pull up the carpet and re finish the hardwood floors underneath.I have experience remodeling homes( I worked as a framer and helped my dad remodel homes as a teenager as well).the house is about 60-70 years old but in good condition.I plan on financing with a VA loan but might consider traditional if my father in law has his property sell and go in with him as a partner.My question is does this look like a good a good deal as a live in that we would be renting in about a year?

It also will not qualify for traditional financing.

Hi @Christian Lopez, you will need 25% down for an investment property.

Once able, we plan to refinance the VA loan into a traditional loan with the equity we've built over the span of 1 year.

So if your strategy requires you to get traditional loans, single-member LLCs may not be the best option for you. 

Traditional banks won't lend to you on a residential mortgage in the name of your LLC, but there are lenders out there that will......Viso, Corevest, Lima One to name a few.  

How to Invest in Real Estate through a Self-Directed IRAA Self-Directed IRA is a traditional IRA or Roth IRA in which the custodian permits a wide range of investments that are allowable in retirement accounts.

But there is a niche in the market for this, that even the top agents in the city don’t do well because there is a lot to know that differs from a traditional real estate transaction.

If you have very strong credit and income, you would probably go traditional which is a big help right now.

When I purchased the house, I took out a traditional conventional loan as a first time home-buyer (20% down).