1.Subscribe to the BiggerPockets Money and Rookie Podcasts2.Attend the FREE WEBINARS3.Attend a Meetup in Your Area / virtual meet ups4.Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy5.Peruse the forums!

@Mark TaleonCashflow and appreciation in this environment of high interest rates are hard to achieve at the same time.

Both FNMA and FHLMC permit this, under the following circumstances: Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the propertya limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.Citation: D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (04/13/2022)Now, you will still have the Note and reporting in your name individually and will still be personally responsible for the mortgage and most likely, the manner of transfer will enable any litigant to pierce the veil of your LLC, but you'll have what you wanted, for whatever reason. 

As mortgage rates eventually drop, your cash flow should improve over the long term.

Your market may have something to do with it also.....in the San Francisco Bay Area many people will NOT get a 50% rule....I would imagine in Miami it's the same thing....however....if you are investing in certain areas of the midwest .....Ohio, Tennessee, Missouri or Wisconson....50% rule should definitely be a deal breaker because if your property does not meet it....then move on.

You'll give up some project but the value in that first deal is what you learn.Sometimes you can meet builders at local real estate meet ups

To address this, we agreed that I would work in the business for six months to verify the financials, which so far align with his POS system.My main issue is that at 23, I don't have strong financials to get a conventional loan at 75% LTV with a ~7% rate, and the seller's lack of financials complicates bank approval.

I assumed that was a financial model projecting cash flows over time given a certain reinvestment rate.

Pro-rated first month's rent would be due at move in. 

Use books, talks, sites, chats, lessons, and meet-ups for more know-how.