If you're buying right then getting the loan refinanced shouldn't be an issue.

The pros: - not having to do a major renovation from out of state- easier to get a conventional loan since the house is livable vs. a distressed property (would need to pay cash, do a hard money loan, some other type of financing)- can get a tenant in quicklyThe cons: - you don't know how good the renovation is, could be cosmetic without addressing underlying safety issues (plumbing, electrical, foundation, etc). - a home can pass an inspection but once someone is living in it and putting daily stress on the house (turning faucets on, light switches, turning on heat/AC etc), things can start to malfunction.

I think there are multiple ways to address the issue.  

I think this would eliminate the possibility of triggering a “due on sale” issue because the property is already in an LLC and I am only selling interest in the LLC.

I tried to sign up with CI as a lender, and I find out that I have to go through the verification process, it seems they are working on the lender's scam issue.

The concern he had and to be fair he said he needed to research it (i am just doing some of my own) was that since most of the work and hours will be conducted in LLC now and the LLC does not own the property would that create any issues with my ability to file a schedule C and claim depreciation and losses, etc?  

It'd be an issue of finding them.

My issue isnt managing from DC since I’m a flight attendant and have a  flexible schedule.

For example, if your total cost for all furnishings (not just the major stuff...all of it) amounts to your total net profit for years 1-3, I think you have a bad investment, in part because most of your furnishings have a lifespan of just 1-3 years.

Location plays a major role in decision making.