The answer to your question "maybe" depends on whether or not the value of the property has appreciated since they were purchased by the LLC. ...

In Pennsylvania, what happens to a state income tax lien after a foreclosure sale depends on when it was filed and who has priority.

That's my assumption is that it may cause a liability issue depending on how the state laws are worded.

If you are in Essex Co, that 460k will go for way higher, depending on the town.Step back, why do you want your first investment to be the biggest risk any investor can take by accepting the property and all of it's faults without having the right to make repair requests?

Once you see what the software is suggesting depending on the settings you have, double check on the OTA and see if it's comparable.

How much the rent increase is depends on the market and the amount of notice depends on your area (30-90 days is the usual range).

@Troy Gandee, part of your point would be state dependent.

Hey @Justin Williams,I'll start by saying even the most flexible loan scenarios will look at credit. how it relates to the loan process, however, will differ depending on which loan type you go with. my gut punch reaction in this is that your credit score is more about limiting your LTV due to the subject prperty being a multi-family, or potentially driving the rate up so that you no longer qualify (rates are higher on MF than on SFR typically)....it also could be about how your lender is calculating (or not calculating) the rental income coming from the different units.

As you gain experience and confidence, you can explore more advanced strategies like BRRRR or expanding into different markets.Ultimately, the best approach for getting your first rental property will depend on your individual circumstances, goals, and preferences.

Depending on how close to Lackland also will make a difference.