Furnishing with affordable, durable, new furniture will run you around $18,000 if you're starting from scratch.

I am looking to start my real estate investment journey but it is difficult starting out in the bay area.

Im have started my private/hard money lending business and looking to have money partners to grow my business since I have ran out of my private money.

I'm sure this one purchase had a huge impact on your monthly overhead and will allow you to save that much more for your next deal. 

I already will have enough saved to make the payments for an entire year while I am in school so if I provide them proof of that will there be an issue?

You'll also learn from people that have been doing it for years and that alone saves tons of time!

Another thing to be mindful of if you use a bank/commercial lender is the pre-payment penalty many include in their loans if you choose to refinance (many have descending penalties in years 1-5 that can start upwards of 4-5%).

Started a reading journey in November of 23 that changed my trajectory.  

This would be our first investment and like many starting out, I want to properly educate myself by learning and doing as I go on with this project. 

Ask @Dave Foster for any 1031 questions…But I’d start with these…Are you planning to pay all cash for the replacement property since it will probably be either impossible or expensive to get the loan in the LLC’s name.Why are you putting the property in an LLC?