There's a very good chance the issue(s) you face have already been discussed and answered.Ask questions in the appropriate forum.

Good question.

Thank you @Lindsey Mannix   I appreciate your response-good info.Can you clarify what you mean by "everything must be done through that LLC"?

You would put up a down payment and the rate wouldn't be as good, but it would only be for a few months until the project was completed, then you could re-fi with the VA 100% LTV benefit with a better rate, and you probably would be getting more cash back then you put in, assuming the property value appreciated more than the costs of the renovation.This would also mean you could get more bids to actually compare with and pick the best one.  

I used to live in northern Illinois, so close to Wisconsin - there are several smaller towns around lakes that would be good for short term rentals. 

I'm particularly interested in the life that real estate investing can provide for my family.Outside of real estate, I enjoy hard work, learning new skills that will help me in my journey to success, and of course spending quality time with my beautiful daughters.I am Excited to learn and connect with you all!

Good morning everyone,Just wanted to update everyone that I just closed on my first real estate deal in Columbus, OH.

Or would we just need to have a good reason for whatever decision we make?

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Mechanicals are in good shapeARV: $280k-$300k~$74kish left on the mortgage - 6.75% interest about $890 monthly payment / HOA ~$200 a month / Insurance $35 a month / Taxes $355 per month / Tenant pays Water, Gas Heat.