But, in this case, I am assuming $45k will not even cover the material costs of a whole house, let alone any contracted labor.

I bought move in ready Class C Indy in 2023 - it’s been a headache even though price points are low. 

Even if you use a VA loan, you are using your credit.  

Get your architect involved as early as possible - even before the land is purchased….

Unless you can prove that your LLC was perfectly run, and after the transfer 0 funds were even comingled, they'll get their 200K from you.Net result: Asset is gone, you may (or may not) be on the hook for an additional 200K.Now. 

In fact, it’s even easier to justify it with short-term rentals because if you indicate that you plan to rent it out to someone long-term, that would obviously prevent you from being able to use it as a second home. 

If your seller wasn’t planning on claiming the extra income on his taxes that gets even worse.  

Even if its cutting the warranty off, sticking to manufacture warranties, and saving the cash to pay for expenses when they come up.

Wall Street thought we were going to get six- eight rate reductions this year we’ve seen none so far and stagflation is setting in , the Fed is trapped , if they reduce rates now , inflation could catch on fire if they increase them again too much something in the economy will break I think we’re in this holding pattern for one to two years personally, I don’t claim to be a macro economic expert, but I do study it quite a bit and I’m not counting on or expecting rates to come down anytime soon and even if they do, they’ll just be small quarter-point rate hikes not enough to make a huge difference in cashflow, so ..I either hold and if they do decrease rates, there will  probably be another asset inflation bubble, which will increase my appreciation, or my cell and deploy the capital more wisely and look for some market softening and buy a good deal

I will NEVER work with another client who even mentions that lender's name.