It also creates some additional costs (setup, maintenance, tax reporting) and will limit your financing availability (more expensive commercial loans).Depending of your threat level and the amount of asset that you are protecting it may be worth the cost.

A good amount of banks I spoke to only were interested in HELOCs on primary residences.IAny suggestions would be appreciated.

Your legal and compliance costs will massively eat into your profits.

There seems to be copious amounts of information about how to get started, financing, market research, etc.

The tariffs are costing materials to go up for sure but on average its not a huge amount because its very material specific so it could be low or high depending. $450/sf does seem high to me but not that high for a $2mil + price tag.

In Texas the purchase amount does not have to be disclosed, apparently.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I own a PM company and a considerable amount of rentals (some I manage & some I don't & some out of state), land, vacation rentals, etc.

Personally I would subtract the amount of expected repairs from the ARV to get an offer and even then I would offer less to see what the seller says.

What is it you need to loan, the amount, how long you want to have the loan?