I also have a contracting/remodeling background (mostly custom kitchens & baths) in CT, and am finally delving into the REI space too. 

I cannot recommend much about the areas in Dallas, but i can definitely offer my expertise as Mortgage Loan Officer, Investor and Short Term Rental host.Feel free to reach out :)

VA loan

I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town.  8 standard 2/1 apartments -  Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k     Cap: 10         (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K   Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth,    34k/yrCurrent Cash flow: 531/mth,  6,378/yrAfter reno Cash Flow: 2131/mth,  25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).

I have a young daughter and a growing family and my priorities have shifted to the degree that I have motivation now to finally take some action.   

This time around, I am serious about finding my first property and finally jumping in asap. 

Most people will get the loan and then quit claim it over to the LLC.

I am under contract to buyOffer was made with inspection contingency Seller agreed to repair or replace furnace a week agoI asked my realtor to check on the progress of seller and they have no real news for me a week later, other than an HVAC guy was on property- per sellers realtorMy loan is conditionally approved pending appraisalI told my realtor I’m not ordering the appraisal until I am satisfied with the progress being made to fix/ replace furnacIs that unreasonable?

bank loan, construction loan?

Personal loan for the rehab.