In an increasing rent environment it doesn't look that great but it would if rents were to fall.

If there are signs it's operating as a personal account (ie. cash withdrawals and , or appears to be (eg. expenses paid personally) your LLC, if challenged in a suit, could be broken and charges put against you as sole proprietors.

You can't convey clear title to the buyer and there is the due on sale clause that may be called by the current lender.Getting at the $130-150K of equity will be challenging without selling the property outright.

I am looking to learn more and build relationships in all areas of real estate and Bigger Pockets seems to be the perfect environment for that.Bryan

I love going to different homes, seeing the vast differences in quality and layout, comparing them to the local market, and putting it all together to make a "big picture".My largest challenge so far is developing an effective marketing system. 

You are choosing the road less traveled and there are challenges as a result.

For which Midwest cities do you want to do this challenge for?

I haven't really heard of someone getting terms like that in the private lending environment in a first deal.

Now thinking on buying the next one, but it might be challenging due to low on funds, it might take awhile.

Might be challenging but possible.History:I bought the house I currently live in back in August 2017.