My thought process is to purchase the property initially under my name so that we can pay 5% down as my understanding is that mortgages to LLCs are more difficult to find, have higher interest rates, and require a higher down payment (around 25%).

Is it feasible to obtain a loan or a good old boy agreement where a lender offers 100% financing for both the purchase price and construction costs at hard money rates, secured by a second position on the borrower's other properties?

Due to current market interest rates, I have a possibility of minimal cash flow with a vinyl property however with the brick property, I'm barely even breaking even.

@Becky FrommIf you took your mom off the deed and the loan you could possibly get someone to give you a first on it as a DSCR or private / hard money but then your interest rate is going to be pretty high (double digits)

Structure the acquisition properly, proper leverage on fixed rate debt, ample cash reserves, and run the asset professionally.

I plug in known properties, fit a curve as in sales (baths, pop density, and so on), and try to predict the property's condition based on those features within an error rate (except this time you'd be predicting the probability of a condition, as opposed to sales price).

In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing- Contract For Deed- Seller Second Lease Option And Lease Purchase- Seller-Assisted Down Payment- Wraparound And Assumable Mortgage- Gift Funding- Selling And Refinancing Existing Assets- Non-Occupied Co-Borrowers- Using 401(K)- Temporary IRA Transfer- Pledged Asset Mortgage- Equity Transfer And Bridge Loan- Employer-Assisted Mortgage- Lender-Funded Buydown- Fannie Mae’s “My Community Mortgage”- Running Scenarios With Automated Underwriting Systems- Adjusting Amortization Period To Lower Payment- Adjusting Interest Rates To Cover Closing Costs- State, Province, And Local Grant Or Bond Programs- Mortgage Credit Certificate- Private LendingHe said these options barely scratch the surface.

My unit's lease started mid-month so I turned on collection for the pro-rated rent (which would've come out to $835 for the remainder of the start month) and security deposit.

The Pro membership is ideally for investors, giving them the tools they need on their journey like calculators, landlord forms and discounts.

Know how and who is going to manage, speak with local PM companies (if not self managed) do some due diligence on projections, nightly rates and optimally visit (if haven't already) the areas you're exploring investing in.