You are intentionally trading time for money to make the numbers work.

You can live in one unit (house hacking) if that makes sense for you, and get better loan terms.6.

For this I'd also like to invite in two main contributors of previous like topics to this conversation:@David Krulac@Steve Babiak(can't get the links to work for some reason)Since I haven't attended an Upset Sale before, I am considering just going to see the process, but also know a couple properties that will be part of the sale. 

Do you guys have an inspector that is well versed in sec 8 and could inspect a few properties for me in Cleveland and make a list of things that need to be done to pass the sec 8 inspection?

If you can find something to house hack then do it, just make sure you're aware of what the state is trying to do moving forward when it comes to being a landlord. 

Make it simple on yourself.

Most lenders will likely not lend to a first timer anyways, and if you can find one, they will typically require more down payment, higher fees and higher interest, all of which will make your flip harder to pencil.Second, your flip WILL go over budget, and likely a good amount.  

@Sam SandTo answer your question direct: Legally only 14 states requires licensing to make a business loan, so odds are you can get started where you live.

Just want to make sure I have every tool I could possibly need!! 

The decision as to which structure to utilize usually depends heavily on whether or not you are eligible for a Solo 401k.