A builder’s risk policy is also worth exploring, as it can protect the property, materials, and equipment during your restoration work. 

Stat 704.44. giving them reason to pick up and leave.

Then you have ongoing costs like mortgage payments, property maintenance, and property taxes.This article provides a thorough overview of how much money you need to start your real estate investor journey.

I also wouldn't be opposed to using a 203k loan to finance and renovate a multifamily to house hack and rent out (I know it's a lot more work and harder to achieve but I think the potential could definitely make it worth while, especially with the up coming changes going into effect soon). 

This is a great place to learn and to connect with people so take advantage of all the great resources.

And some lenders will let you pay the interest by drawing down on the loan.

A healthy dose of skepticism is good, but usually they want you to have the best experience possible.

My current plan is to take my time in finding a deal that either offers great concessions  or that can be negotiated down in order to make up for a possible price drop in the future.

@Gio KattanWho had you create this crazy long winded setup in the first place of entity after entity?

My family and I have been renters our entire lives, so I'm excited and grateful to be the first in my family to embark on the path of home ownership.