I am sorry we don't have budget to do that.

It was smooth sailing as I completed the project on time and on budget--almost to the penny--and sold it for the exact ARV I projected in less than one week on market!

Budget.

If you are targeting markets within a reasonable driving distance, find an investor-friendly agent and ask them to show you what your budget buys in that market. 

Don't rule out finding a duplex, triplex or quad if your budget will allow it. 

And I love that he would finance it for so long.However, that takes the payment amount outside the budget that I can afford for a monthly payment. 

On Time and On Budget period.I agree with @Jd Martin.

As far as your concerns, there should be a separate bank account for the LLC and for any withdrawal not a specific budget line item (if you're renovating), or not a recurring monthly expense (if you hold and lease out), or  maybe over a certain dollar threshold, checks and withdrawals require both of your signatures.

I am sure that you are like most people in the world and that shelter is one of the most if not the most substantial item in your budget (And I certainly hope you actually have a budget, if not make that step 0 because you can't save, let alone invest, money if you don't know where it's going in the first place).

It really depends on your budget.