Purchase a little bit less of a house you will have a lot to invest in a rental. 

The more groups you join, the more opportunities to network and establish new business relationship you get. 

Establishing good relationships with a few portfolio lenders will allow you to scale your business to another level.  

It's nice to get established with one bank/banker that you can pick up the phone and call/email, plus they hold those loans in-house...so they service them for as long as you keep the loan there. 

It will give you the opportunity to establish the usable life expectancy of all major systems/appliances.  

I'm interested in doing this, but I need to establish a network of specialty contractors to bid jobs.

While there is a lot to be said for being able to represent our side in real estate transactions, access to the MLS is overrated.

Do one deal with the private lender so you can establish a relationship with them and if needed use them on future deals.Then use option B and C together get the 15% down from the 230k you will have available and then use the 500 LOC to cover the rest of the purchase this will maximize your funds.

You get your own property with little to no money down and you can continue to fund your family.A lot to review but hope this helped!

Is there someone that this community would recommend who could help with establishing a business entity (be it a partnership, LLC or something else I'm not aware of) so that we can buy and sell real estate investments in a smart and careful way?