Agent will obtain Owner's approval for any maintenance and or repairs that may exceed $200.

I am interested in learning about your experience in obtaining such a low interest rate.

Therefore holding properties in an LLC requires that you obtain a commercial mortgage. 

I am trying to think creatively here on how we can generate some income from this to office some of our carrying costs until we find the right buyer...hence the billboard idea.Here is a little about he location:- Back of property has clear visibility from major state route with INDOT listed traffic counts of 12 to 20k cars / day- Property is located on a slight curve, so cars traveling north will get prime exposure (though this may prevent having usable space for southbound traffic)- No billboards in the immediate area with tons of major retails present (i.e. tractor supply, Holiday Inn, Menards, etc.)So in addition to checking the City / State to see if I could obtain a permit, what other advice / insights do you have?

The listing agent can obtain surrounding rental info - an idea if it's a high rental area, what the rental  rates for that neighborhood are, etc. 

Hold half of the money and use the other half to build up credit so that we can obtain a reasonable interest rate on a bank mortgage for an investment property or another home while using this home as a rental5.

[Side note: In my quest to gain knowledge I just signed up for classes to obtain my real estate license as well.

Albert Einstein said that I believe.Rooster nailed it.You make more money from your knowledge than you do from your money, I said that.If you have knowledge you don't use your money.Add experience with knowledge you don't need money.Now, add in that mix that you have knowledge and experience along with the ability to obtain money, you'll be making even more money.But, when you have money, you have the ability to get more money or you can use your money, that alone won't make much without knowledge or as much as with knowledge and experience.So, the best position to be in is to have money with knowledge and experience. :)

I've saved and bought things in cash.With that said, obtaining financing for a flip project is damn near terrorizing me - though I know it's part of the process and has to be done.Since I am brand new to this area, I still have a virtually non-existent network beyond the few people I've connected with here on BP and those involved from other places.Question 1: While I understand that any lender - primarily HML, is looking at multiple factors when deciding on whether or not to approve a loan...

But, this stuff often leads to over analysis and obtaining useless data, it can be entertaining but not that useful in reality.