I'm a bit discouraged because, as a beginning investor, I was hoping to use basic financing methods (read: conventional loan) to obtain my first property, but that is beginning to seem like it isn't an option. 

Do you know how much chaos and extra time and effort throughout the loan process correcting the sales price and possible delays such a number can cause on the Mortgage side? 

If I were to apply this method, would I have to pay PMI on the first home when it has less than 20% in equity in the property so I can apply the VA loan on a new property?

They refuse any other payment methods at the moment.Duration:I purchased two certificates for less than $4000 the end of March 2018.

You are correct ..but if  they don’t have a car that pay station ,bank ,or cvs doesn’t help them 7 blocks down the street .

Then, you are able to sell that note w/o having to worry about a seasoning period because it is not a cash out refi.I think I follow most of this process (please correct me if I have the above incorrect), but I struggle with understanding how the note to the LLC needs to be constructed in order for me to sell it to a lender or a private investor.Most of this is based on a strategy by @Andrew Postell

@Dmitriy Fomichenko has it correct.

It appears that it is in a chunk of land that is outside the city limits (but surrounded by the city limits, if I understand the zoning map correctly). 

That said, @Irfan Raza is probably correct that your best option for tenants are students.

At BP, Justin, you not only learn how to get deals done correctly, but also have an opportunity to network with other real estate investors and learn from the informative forums posted on BP everyday!