We take advantage of existing inventory in the market.  

We are closing on 2 duplexes with existing tenants.

Unless otherwise provided in Paragraph 30, this Contract shall not be contingent upon the sale and/or closing of Buyer’s existing real estate.The key to the language above is the Proof of Funds from the private or Hard Money lender must show that you are already approved and will provide the $ in the form of "Good Funds" If the lender is not well known the lender should also provide a bank statement and/or contact details that the seller can use to verify the Proof of Funds. 

Dunn, while a residential loan that allows for the mortgage/title to be under the LLC is rare, they do exist. 

I considered fixing and refinishing the existing fiberglass tub but got conflicting information from refinishing companies as to the durability of the refinished product and the ability to refinish a second time.

We opened a doorway directly to the main room and sealed off the existing doorway for $2500 as I'm sure all tenants would prefer this layout.

I currently own 50 doors in Indi and would be more than willing to help you get started and connect you with my existing network to minimize your downside.Best,Nick 

My situation is that I have my house completely paid off and I’m wondering if I should take a loan out on my existing house to finance my first property or leave it alone and try to get try to get traditional financing based on my current income. 

This is an extreme example, but it exists.

As was pointed out, I don't think it is fair to do a valuation based on a different bed/bath total than what exists, except to potentially show a buyer there is more meat on the bone.