The house originally was a single family home, that was later converted to a 2 family.

That is huge that you need to have some idea on what the rehab will cost.You should not have to pay a contractor to give you a bid - most will do a courtesy bid for you or ballpark estimate to start but if you do not use them then do not expect another freebie later on. 

@Charlie Martin Buying under an LLC offers liability protection and separates business finances, but it can complicate financing with higher rates and stricter terms, and lenders may still require a personal guarantee, impacting your DTI.For your first property, consider purchasing in your personal name for better loan terms and transferring it to an LLC later if needed, while using strong umbrella insurance to mitigate risk.

Building relationships with these lenders can lead to better rates or terms, especially as your portfolio grows.If the $200K cash-out refinance aligns with your immediate need for capital, it’s a reasonable option to consider, but keep in mind that reducing your equity too much now could limit flexibility later.

If so, you may be able to condoize them to sell at a later date and make a windfall there.

But unless you have bad terms I would likely sit on that deal for the first 4.25 years and then look to refinance at that point prior to the balloon payment 9 months later.

Quote from @Scott Blevins: Starting out a little older and had a question about sec 8 investingIve been thinks about purchasing some homes in baltimore and renting them section 8 to aquire some good cash flow and later purchasing in better areas and eventually getting out of sec 8.

Support didn't respond back to me until two business days later and then they asked to me provide some info to verify my identity (which I had already provided on the 25th) so I provided the info again. 

If you don't like it, you can always sell later, but if you sell now, you'll be dealing with double the interest rate and you can't un-sell if if you feel regret. 

That is a harsh reality every wholesaler has to face sooner or later..