Unless you have cash, nothing about this is going in an LLC.

The investor Cash on Cash yield is projected to be 5.9% in Yr 1, 7.1% Yr 2, 8.06% Yr 3, and 9.89% Yr 4.

We are looking into purchasing cash and do some light updating but the county records shows as a 2/1 but the house is actually a 4/2.

Purchase price: $146,000 Cash invested: $42,100 Bought through hard money.

The obvious play would be for the low purchase price/cash flow. 

(Remember, a loan is not a taxable event.)Given that mortgage rates are also close to 7% this won't boost your cash on cash returns much, but a higher percentage of your free cashflow will be tax sheltered, potentially all of it. 

Get set up with a payment system, maybe?

Purchase price: $425,000 Cash invested: $100,000 Converting resident to rental in a ski/lake town.

So many of my out-of-state clients from California are successfully purchasing flips, BRRRRs, and buy and hold deals here at a very cheap price point, cash flowing, and have tons of appreciation.

Figure, do a few Fix n Flips, stack some cash, then BRRR.