Investing in this market is not a cake walk, so ensure that you talk to a number of folks and begin to formulate your plan of action moving forward.

(But you'd likely be limited by HOA - as far as which days and hours you can make noise in it remodeling)If you do stick with the plan for buying in the Loop, and have access to cash, whether yours or you borrow.... family, hard money lender etc...

Since you want it to be as easy/quick as possible, I'll give you three things you need to learn...as a starting point:1 - How to Analyze Markets to find the Micro-markets that are good to invest in.2 - How Money Works, so you can develop an unlimited number of strategies which will allow you to be able to take advantage of as many opportunities as possible.3 - How to design your own REI Plan by reverse engineering from your specific set of financial goals back to where you are now...then execute it by turning around and just following the breadcrumbs.4 - (OK, I said it wasn't as easy as "just one thing")...Learn what the meaning of the number sequence "1073751824" means, and how to base EVERY decision you make on the meaning of that number sequence.5 - Learn why it's so important to follow the 2 Golden Rules of REI, of which GR#1 is:  NEVER, under ANY circumstances, ever, EVER, spend your seed money (your starting cash). 

What is your marketing plan?

Both can be sound investments and strateigies, its just a matter of understanidng the proper business plan and execution.

Things do happen and plans change so typically the bank will not care if payments are made.

Let's discuss your goals and create a plan to kickstart your real estate investment endeavors.

My plan is to use the equity starting out for a profitable fix and flip or 2 then obtain another rental property,    I’m just so confused with the equity because how am I to keep being approved for the loan with having so many open?

Have your income statement both actual and projected, real estate owned, your detailed plan for going forward, have your FICO score, tax returns. 

I did more research last night..For now the plan is to:- close on the house just under my own name.- quit claim the property into a series Ohio LLC in the near future.- open a business checking under the LLC- open a savings to hold the deposits- open a CC under the LLC (Amex blue business 2% cashback on all purchases up to 50k, then 1% cashback on the rest, Very unlikely I'll be spending over 50k a year on just the one property)After further research it looks like everbank actually does offer 5.1% HYSA and business checking accounts with no monthly fees.