@Howard KooreSome lenders will do it and lend based on proceeds from sale.

Lenders may have specific requirements or restrictions for loans to LLCs, so it's essential to consider how this might affect your future financing options.Before forming an LLC, it's crucial to consult with a qualified attorney and tax advisor who can provide personalized guidance based on your specific circumstances and goals.

If you can get a local agent to pull a list of recent transactions, you should be able to estimate, based on the photos, what your target property will sell for post-renovation.The repair budget is the list of repairs (with estimated costs) required to make your target property look like the "ARV homes" you found above.

They're based in Memphis and offer other markets as well. 

Hi @Mehdi Haider, I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis.

My recommendation is to get a vendor to access and provide a written report, go from there based on findings.

Raj from your interest alone, I have a strong feeling you can be very successful as a RE investor.

Thank you so much in advance and I know this is a general question is not base in any real example so I understand that the answer can be different for each property and situation.

If you want your rental to be successful, you must continually educate yourself, have strong policies and procedures, and be prepared to take action against bad behavior.The best thing you can do right now is start looking for a professional property manager.

Recent legislation has changed the rules for security deposits and a landlord can charge for their necessary work based on going rates.