These options vary state by state.For fix and flip loans, lenders generally want the combination of the purchase price and the rehab budget to be over $100K while also factoring in a 10-20% down payment from the buyer. 

@Brandon West, This is by no means legal advice - but my lawyer in AZ who helped me setup my LLC for my rental property told me to just reissue the title w/ the county recorder in the name of the LLC, update Title Insurance to reflect the LLC, and not notify the lender.

I have a lot of cash saved up in a 5% HYSA currently and am wondering if it would be a good idea to prepay the principal by $60,000 (I would be financially fine even if I did pay this)  - which would lower the amount of interest I owe.

I’m often asked by new investor hopefuls how to get started in real estate when cash is light.

Your enthusiasm and dedication to learning are evident, and it's great to see you're already making strides by house hacking and now turning that into a long-term rental.

Check out the Ann Arbor Real Estate Investors Club hosted by Brian Bundesen and the Dirty House Buyers meetup (holds their monthly meetings in Ypsi) hosted by Gerrit Stukkie. 

So by Sunday night I had watched and read enough to start diving in and I created a small " buyers list " in about an hour.

I would really appreciate any step by step instructions/guidance on this.  

They transact quietly.3) Similar to above, I know of a few people that have been asked directly by their lender if they have interest in taking over a nearby property for just the loan amount.

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