I know that LH’s get a bad reputation, but with the leasehold till 2050, that’s 25 years of possible excellent cash flow, It’s attractive to me to invest in from that perspective alone. 

After that, the LLC could potentially gift or sell the property to you, which would likely trigger capital gains taxes.Another option could be to transfer ownership gradually through gifting shares of the LLC to you over time, which may help minimize tax impacts.

These will walk you through from the very basics to the expert understanding of what private capital is and how to use it https://store.biggerpockets.com/products/creative-financing-...If you want to start smaller with some free content here are a few great podcasts I can recommend that go over private financing in varying degrees of depthPrivate capital part 1 of a 5-part series with Amy Mahjoory https://link.chtbl.com/ZlYVqXS1Raising your first $1M podcast episode https://link.chtbl.com/BKwpsdf2Private money explained: buying without a bank https://link.chtbl.com/APiLG_Zj

Make sure the portfolio can cash flow the LOC or refi payments. 

With $150k, you could easily pick up 2 or 3 cash flowing properties.

I can walk you through my configuration if you are interested. 

Dm me and we can share information or maybe work together through this

I only have student loan debtI have a full-time remote jobI have no prior experience in real estate investingMy credit score is high 700'sHere are the details about the property in Zenda,WI:Asking price: $235KIt’s being sold by out-of-state heirsIt needs at least $50K in repairs and updatesThe neighboring house recently sold for $235K (though I don’t have details on its condition before the sale)A family friend who owns a construction company assessed the property and noted the following:Replacement Needed: Furnace, Water Heater, Water Softener, Floor (concrete replacement needed due to unevenness), Roof, GuttersUpdates Needed: 1.5 BathroomsConcerns: Black mold and water leak marks upstairsRemodel Suggestion: The staircase is very steep and narrow; recommended to relocate and extend it into the living spaceAdditional Work: The property slopes downward, allowing rain to flow into the house.

I need to learn how to leverage equity in my property, how to improve cash flow, how to improve my property, understand book-keeping, create the right structures to limit liability, create the proper structures for tax, and learn how to find deals.

Yes you can go through the pre approval process with a soft pull.