Sounds good to me initially, but wanted to ask… Any drawbacks here of letting her do this?

So they simply amended the end date on the lease and initialed( both parties)to make the end date end in a month.

My initial goal was to buy a house using my employment income but now that that has changed i am looking for tips and strategies to purchase a house through my LLC or by paying myself a wage (which wont be that close to what i was making before). 

This way you an take out most of your initial investments.

Then, as you get a chance to actually see the property you can hone in on those numbers and even add "initial renovation costs" as a one-time figure.

I initially wanted to keep it forever, but once I made the decision to go out on my own, I knew I need to sell it in order to start my company.

Also, during initial calls, I would not recommend mentioning STRs or AIRBNB.

If you end up going under the budget, some lenders would still reimburse you for the entire predetermined budget.The Initial Distribution (towards acquisition) would be the total loan amount ($148K) minus rehab budget ($30K) = $118,000.

My main focus would be on; long Term Rentals, Arbitrage, and novation flipping.I don't have much capital to invest initially.

I had a place in an expensive area where the rent initially didn't quite cover those and I had to put in $25 a month or something like that.