So, your LLC will have to obtain commercial financing.

I am a motivated student willing to expand my knowledge and hopefully obtain some hands-on experience. 

They do a pretty good job of providing information on regulations above and beyond the state requirements. 

Need to provide esq. with list of items we want included in a shared maintenance agreement.

Most lenders will still want to qualify the property on the remaining full amortization term to de-risk the loan.  3) Buyer PreApproval & Property Prequalification: You need to work with a lender that can provide this support.

This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)

Attend local real estate networking events, meetups, and seminars to connect with professionals who have firsthand knowledge of the area and can provide valuable insights.

Confirm everything - the initial rental estimate provided by the wholesaler seems to be an aggressive estimate.

This structure provides several benefits:1.

For instance, you would be able to obtain a loan at less than 10% down, while a rental purchase would require at least 20% down.The down side to moving into a home is that you would not get to have LLC vesting.