Throughout the process, everything seemed fine until we got to a point where he kept pushing back closing because he didn't have the documents prepared and then when we finally sent them, he expected me to sign them without having time to have attorney review them.

You get better interest rates/loan terms. 

This way you don't need any loans, you get to grow your equity/experience/income with every house, and the passive investors get your time/dedication/growing expertise/energy/and an inflation resistant investment. people want good investments, the Horse, but they mostly judge that by the earnestness/ambition/expertise of the Jockey. good luck :)

I started looking into Denver 🤔 @Gilberto Ramirez III- thanks for the feedback ....if you need to use a loan to purchase and  if you havent already  been pre  approved  recently - I recommend getting the pre approval in place BEFORE  spending a lot of time actually looking for  properties 

Do you offer these kinds of portfolio loans?

The loan programs for 1-4 units have more favorable terms depending on if you're buying with income with a conventional investment property loan or having the loan underwritten by the rents with a DSCR / rental property loan. 5-8 loans generally have tougher underwriting and the rates are higher if you're looking at DSCR loan options for 5-8 units. 

Typically, people will quit claim deed the property over into the LLC's name knowing that they run the VERY small risk that the lender could call the loan due using the due-on-sale clause.

As of now, I have saved up enough money for a down payment on a fha loan, and my income is expected to meet the loan qualification criteria soon (with my parent co-signing due to my limited income history).

If you guys could help breakdown the fees involved with the hard money loan, and the refi with the bank, that would help tremendously 🤟🏼

When you add all this up depending on the size of the loan that can be the $20k right there.