Even with bad credit you can get funding to buy a property and establish cashflow but at some point you have to remember to pay for the opportunity extended to you. 

The only thing we know for fact is that will cost you about double to refinance, now that that’s establish, it’s really your decision how you want to proceed. 

That means you establish a Traditional LLC to carry out the operations of your investments, in order to separate the liability from your assets, including: paying property management, paying contractors, collecting rent, marketing, etc.

At this time I think a buy and hold in a place like Philly would be the smartest option overall, but I can't help but wonder if paying 100K hard cash and then getting the mortgage during the first 6 months after the purchase would be the smartest way to go here.Even though we might only get an okish rate from the bank, I figure we would still be winning on multiple points, like establishing our own mortgage history as well as building equity as first time buyers.

Also - South Dakota is a 1 bite state meaning the dog's vicious propensity is established after only 1 attack - but sadly Animal Control here is a joke!!  

The tenant has over locations across the nation - so is a very established tenant.

I currently have an investment property and would love more in the future, but that is more of a 5 year plan after I get established and settled as a sales agent. 

For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility RequirementsThe borrower(s) may have initially purchased the property as one of the following: a natural person; an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust; an eligible land trust when the borrower is the beneficiary of the land trust; or an LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.  

Establish credibility, promote the deal and then offer the opportunity to others. 

Whether it's a coffee meeting, a virtual discussion, or attending industry events together, I am committed to investing the time and effort required to establish meaningful connections.Thank you!