It is a good plan under the financial circumstances (assuming your cash reserves meet the 3.5).

I'm excited for this trip to financial freedom.

I believe real estate is something that can help me get there and will do my best to look for my financial freedom. 

The reason we are asking is so that he can have the best chance to get approved for financing (If a partner is able to join the LLC to bolster the financial strength of the LLC).Any and all comments are invited.ThanksJosh

Most of the time the bank wants 1-3yrs financials on the property and when I purchase them from banks or various sources there are no financials until I purchase.

This will protect your rentals better and may provide tax advantages.

What is the tenant protection regs like in the area?

What is the tenant protection regs like in the area?

If I were asked to lend $135k for renovations, I would need a lot better description of your financials.

Depending on your financial position, you may be able to do both SFR/condo and try a small apartment through refinance of existing properties and/or the use partners.