Can I take out mortgage loan given:I have a stable $100k W2 income from my employer, but opened an LLC this year and am projecting a loss of $200k in the first year.

I would recommend an employable degree when you start college, so probably accounting.

My former employer was an inspection company so I might be a bit biased.

Hi,I have been self employed as a sole proprietor my whole life.

Since you're employed, you should be good to go.  

@Corey Abrams - another way to find service members and veterans is via Facebook advertising, using their demographics tools to target people who list a military service as their employer.

The private investor makes significant returns without any work, we profit by controlling the entire process and creating solutions, the bank rids itself of a toxic asset, we help families keep their homes, and we employ local people in the communities where the properties reside.  

I have decent credit 690 and its only that because my schooling goes on my credit card until I get reimbursed through my employer (local bank).

It will depend on the LTV, and form of ownership you employ, plus some other factors, bit in residential lending, it's nearly always that they will make all record owners sign so the collateral is actually 100% of the property.

There are also deals in the city that are in decent neighborhoods and the houses are up for sale for about $15,000 that you could rehab and they could have an ARV of about $50,000 and you could employ the same strategy.