Realistically, I only put down my original $5,000 in earnest money and at closing I received $5,662 (excluding $3,950 in security deposits) since I used my commission as a down payment on this deal.

I will likely pay more in mortgage and that might put me in negative return. 

I only have about 5 credits left on my account.

To ensure success you will definitely want to associate with like minded people, people with experience and who are already doing what it is you want to do, and people who inspire you… not naysayers, negative people, nor critics.

Whether you pay yourself from the LLC, increasing your income and lowering your LLC profit or not pay yourself, decreasing your income and increase the profit of the LLC, it will all flow through to your taxes as income either way.For sure don't pay yourself if the payment would put the LLC into negative profit or would leave less profit that you have in depreciation expense. 

@Odie Ayaga to be honest the entire foreclosure game from sourcing to getting out of the investment...I only say this because I have yet to complete an investment in this area. 

With a house - I have negative cashflow until I am able to sell it.

I have a property that cashflows negative $800/mo but it still generates $800/mo income (the loan is paid down $2000/mo and there’s a $400/mo Hoa.) because of depreciation the income is tax free, once it’s paid off it will cashflow $2200/mo.

To me this would be negative cash flow unless the rents would be higher than $1300 per month. 

With the full amount with the two combined the buyer can use those funds towards any upgrades needed.Has anyone tried this strategy before, or am I on the wrong track?