You also need to call an eviction office as each court workload is different.Vacancy assume 8% (1 month) for estimating reason.I will carry more liability insurance as extra.

She went over several incorrect calculations, warned about flood zones, and warned me about specific places with an extra taxes (Not HOA).

I have the LLC set up and everything but how would I go about to refinance the property to take out some of the extra equity after the repairs?

basically they only screw U once and you move on.. although I have a hard time thinking bird dogging is going to do anything but give you a little extra spending money.. its not going to leap frog you into the industry.. 

Secondly I thought using more extra rent to dump money into renovations of the condo so when passed on it has better equity.

sales price and bump up the rent to collect the extra needed to get to the down payment amount in about 2 to maybe 5 years, your call.

I have few multi-family in TX and AZ, and thinking about IL and others via syndications but, the fear of doing taxes for each new state I put 10K into is stopping me.anyone can LMK how much:1/ they pay their CPA2/ it costs extra for each state they add? 

If they price the loan based on the assumption of a 3% discount, and now circumstances change, the discount rate charged is for the loan 5%, from another loan buyer, either they eat the extra costs, not do the loan, or reprice it.For instance, once I wasn't sure if I was going to live in a rental I was buying, asked the bank whether it's going to be a OO loan or a NOO loan.

@Tom Tran your plan may work but the difficulty is finding a property that meets your criteria and has an owner willing to allow a lease option.

Unless you are doing an executive short term rental or have extra furniture laying around, I would rent it unfurnished.