There's a glut of sub2 education/information out there these days, so you certainly won't lack in that regard.Some of our members have done hundreds of them without issue, so just seek those people out at the meetings and talk to them.

What made you interested in investing in this type of deal?

For me, Down Payment and Closing Cost, Since I am young and want this to be my retirement, I want to buy as much now and hold forever.

Update your insurance.If they do, inform your insurance company about the change in your property's use.

Does anyone have any tips on the best way to finance renovations/improvements for properties like this?

Offer Value Beyond PriceIn competitive or slow markets, creating value for the seller can tip the deal in your favor: Quick Closings: If you can close faster than competitors, this might persuade the seller to accept a slightly lower offer.

So I am new to real estate investing - currently don't have any deals or projects. im located in Connecticut - Im a beginner and am looking for experience and knowledge and more information - as a beginner I want as much information as possible with the experience I know a lot of people who start- they network, meet different investors and different people in the real estate world . 

@Andy RouschQuickBooks does this.

I'd say start small and really dive into your research.

There is a lot more paperwork for these traditional mortgages and they will probably take 2-4 weeks longer, but you could save quite a bit in fees and rate.Otherwise, DSCR or a commercial loan is the way to go.You may be engaging in overkill if this is your first property and you are trying to put it into an LLC.