Thanks Brian, perhaps it would make more sense to purchase the house under an LLC (form one now) and seek a SBA loan and payback after sale?

If it is what the seller is paying, it’s an indication of what you might be able to get, but I would not assume it’s what you’ll end up paying.A few things to check when doing due diligence on the insurance.....Cutting back the insurance coverage prior to the sale is a strategy to give assets a higher return.The seller may be able to insure the building for what they paid for it 10 years ago, say $100,000, and now you need to insure $200,000 to satisfy the bank loan.  

I wanted to listed for sale this year, but I started considering an option of possibly renting it out.

I met a gentleman at my church who has been doing wholesaling, rehabbing, short-sales, etc for 15+ years and is also a licensed broker.

Every sale of real estate uses a title company or attorney. 

I have even linked up some wonderful people who will have some more multi family houses that are coming up for sale early 2019.

His ideas on BRR and ...it's prob better to be  conservative when you start AND during this timing of the RE cycle

The property sale price is $450,000.

It was a bank sale and I was in the right place at the right time.

You're no longer an engineer, secretary, or sales guy - if you want to acquire your first deal - tell everyone - "I buy and sell houses".2.