The strategy isn't that different from what you are doing except you would be finding properties that need some work that can help you refi and get your initial investment out.

Let me be the first to congratulate you on taking your first steps to a new lifestyle and taking the initiative to learn an entirely new skill.

Tarik Turner - Thanks for your response to my initial post.

This is more of a turnkey purchase with not a lot of initial value add.

My initial offer was for $150k assuming a rehab cost of $20k.

However, the seller knowing my specialty, countered asking me for a proposal with more upside for the seller or to do a rental arbitrage.My initial offer was a 5% upfront cash payment, 15 year repayment plan at 4% interest and attempt to refinance within 7 years to repay the seller in full and secure more traditional financing.  

Did you ask your lawyer if they have a template that you can use for the initial offer to get things under contract? 

I sell the vehicle and pay off my initial seller and make 20k.

It basically means that if you used your initial entitlement amount, once a loan is paid off, you can request to have full entitlement back one time.

We got to the page that says:Due to the number of members in your LLC, you are considered a Multi-Member Limited Liability Company (LLC) as the type of structure applying for an EIN.Since you are a multi-member LLC, we must initially classify you as a partnership.