The house was designed as a 1 bedroom 2 bath and someone in the past converted one of the two car garages into a room to make it a 2 bed 2 bath.

I wanted to do my own developments and design them the way I thought was best.

203k Benefits to Buyers/Borrowers (not all inclusive) Renovate home with little/no additional out-of-pocket expenseLow down payment (3.5%)Combine purchase/refinance + rehab funds into one low-interest, tax-deductible mortgage which is based on the improved appraised valueInclude mortgage payments into 203k if home is not livable during renovationsSubmit a strong purchase offer if presented properly to sellerBuyers face less competition from other buyers to purchase fixer-uppers, foreclosures or older homes that are outdatedBetter opportunities for "good deals" on home purchasesAbility to purchase properties that may not meet FHA standards and complete the repairs/improvements AFTER the home is purchased.Select from a larger selection of properties for sale (in any condition), including condos, townhouses, mixed-us, multi-family, single-family dwellings and those that do not currently meet FHA standardsWhen offer is presented properly to seller, 203k offers may be advantageous in a competing offer situation as the seller does not have to fix-up or repair the property but instead allow the buyer to include these items into their 203k mortgage and complete the improvements after closing using the buyer's own style and design.203k Benefits to Home Owners & Sellers (not all inclusive)Market property to more buyersAllow buyers the opportunity to renovate, upgrade or improve to suit their tastes and preferencesNo need to settle for low-ball cash offersCurrent condition of property not required to meet FHA's property standardsBuyer is permitted to correct any property deficiencies after close of escrowNo more inspection concernsAbsolutely no repairs are required prior to close of escrowSeller not responsible for cost of repairs/improvementsTransaction will close with property in "AS-IS conditionClosing occurs in 45 days203k Benefits to Realtors® & Lenders (not all inclusive)Increase income by selling more homes and originating more loansRaise real estate values by improving homes and neighborhoodsDecrease foreclosure inventoryHelp buyers who previously could not buy homesHelp seller/owners with properties in outdated or fix-up conditionSpur economic growth by creating job opportunities for the construction/remodeling industryPromote an under-utilized niche program that not many Realtors® or Lenders understandRevitalize your community203k Disadvantages (not all inclusive) upfont MIPMI for life of loanSupplemental origination feeInspection feesTitle update feesmore complexmore moving partshigher interest ratepossible longer closing timeBut working with the right 203k Lender, a contractor with education/experience with the 203k, such as a Certified 203k Contractor, the benefits can definitely outweigh the disadvantages.

An FHA 203k (or Fannie Mae's companion program "HomeStyle") are (IMHO) great options for buying a fixer.You can write an as-is offer (which may give you some negotiating leverage on a fixer) and finance all of the renovation costs in with the purchase.Your down payment is based on the "acquisition cost", which is the aggregate of the hard and soft construction costs (actual bids + permits + engineering + design +renovation related loan fees).These loans do take some extra leg-work on the front end.

160 acre new development in SE Austin 5 times larger than the Domain coming east of the Airport close to where Tesla bought the land for their Gigafactory A more than 300-acre lot right next to the Austin-Bergstrom International Airport is set to transform into a seven million square-foot mixed use development.Developers of Velocity told KXAN they’ve updated their design to feature housing, office space, creative space and retail.The project is set to feature:2,683 multi-family units2.9 million square feet of office providing the opportunity for two, large corporate campuses along with traditional office space585,000 square feet of flex industrial and creative office310,000 square feet of commercial use for retail, restaurants and a cinemaThree hospitality sitesA large central parkhttps://www.kxan.com/news/business/velocity-mixed-use-development-in-southeast-austin-prepares-to-break-ground-in-early-2021/

Maybe you have great computer tech skills, graphic design or are great at figuring out and writing up office systems.

That plan was tailored to fit my goals, and you need to design a plan to help you hit your goals.

Take a look at my profile, I am in the midst of designing a UDemy style course to help with getting started.  

With that I'd have scheduled a sit down to get your focused and plan designed that best meets where your at and where you want to go, how to actually best position you on acquisition not gimmicky bs. 

If there is an S Corp election on that LLC  it can pass through that and I would just have to pay tax on my designated income salary and the rest can be pocketed as dividends.