Lenders are not always licensed in multiple states.

In 1996 could represent multiple purchases for that amount.

Here's my situation, I live in LA so the housing market is bonkers, a $1.6 mil teardown getting multiple offers the first day on the market is common.

The information I got is mostly from: www.newmexicoregisteredagent.comNow following that thought, as the RE investment funds held in my LLC will be most likely be LLCs with properties in multiple states, when they file K-1s in various states, is my LLC required to file in those states as well? 

from the documents a few BP folks sent to me a few years ago. it looked like they were investing in multi beneficiary mortgages IE multiple investors in a fractionalized mortgage.. which can be argued is a security .. in CA they are quite common but you have a specific disclosure document that must be filled out by a real estate broker .. it lets you know who the co investors are.. which is really the rub here.. none of these folks know each other.. and of course this is always the rub in a pooled syndicated investment that goes south.. 

There are some potential cost savings that can be duplicated across multiple properties, but it’s important to understand what the rental history is and has been before making any offers or signing letters of intent.

If it is a quality asset it should be worth a multiple (maybe 3 times) of the full rehab cost and can easily be funded with a new mortgage.Hope that helps!

I have been doing my due diligence and getting multiple bids to renovate and update this property.

@Travis KemperThere are multiple possibilities:Leave the money in employer 401k and get a loan - if available: If the 401k plan in which you currently participate would allow to keep an outstanding 401k loan when you leave, that may be an option.Rollover to Checkbook 401k which would enable you to either (a) invest directly in real estate or (b) take a 401k loan towards the down payment: If you will have self-employment income you could rollover employer 401k funds and IRAs (but not Roth IRAs) to that Solo 401k.

Then, whatever number you have set for yourself, multiple it by 10.