Our current plan is to flip, buy and hold and wholesale properties to ultimately provide a self sustaining business that can fully support the lifestyle we want to obtain while giving us more freedom to spend time with our families.Anyway, I just wanted to introduce myself and start networking on Bigger Pockets.

-A few takeaways from my first purchase:-You can obtain financing on a mortgage less than $20K (Fifth Third Bank, Citizens Bank, and Dollar Bank are a few lenders which low volume financing).

@Jonathan Vese While you may know people who have engaged in fraud and gotten away with it - make no mistake - if you lie to somebody in order to obtain their money or property or to induce them into giving you money or property that is fraud.

Buyers want to buy and not lose money if conditions beyond their control preclude them from obtaining financing to close.  

The $1,275 Two Member LLC flat fee we discussed includes the creation of the LLC from start to finish, including the following deliverables:(1) Creation and filing of Articles of Organization with the WDFI (the flat fee is inclusive of the filing fee of $195),(2) Creation of a custom Operating Agreement for the LLC,(3) Obtaining a Federal Tax ID for the LLC from the IRS, and(4) General legal business advice and consultation regarding the LLC, including a ‘best practices’ advisory letter.The $1,275 retainer must be paid in full before my firm can commence work on the LLC.

If you obtain a loan with a 60-65% LTV, it gives you the ability to continue building your portfolio and will actually increase your monthly cash flow because you will be able to buy more properties.

I just worry about being able to obtain home owners insurance in time before closing and getting the roof repaired. 

To your point, commercial real estate is an entirely different animal with its own set of intricacies that require mastery not easily obtained from gurus and self-education.Jensen, first and foremost, thank you for your service!

It is easy to obtain single families in Raleigh, so why not do that?

Conventional financing is difficult to obtain in your situation.