Some highlights I’m looking for in a lender:-Will finance SFR (1-4) unit properties and small multifamily-No maximum on the amount of properties I can own-10% down for 3 and 4 families, and maybe 5% down for SFH and duplexes-No PMI- No red tape-Low closing costs ($9.8k for our $430k)-Competitive Interest Rates (3.25% - 3.49% on a 30 year)-They will consider stated income, and/or rental income as incomeBest,Willy

You're young; too much red tape for too little benefit IMO.

Overall, I've had pretty good tenants.The one nightmare I had was me ignoring the red flags. 

Also when you run the background check and there are addresses listed that don't match the application dates, that is a huge red flag.  

While a summary probate may be possible that cuts through some of the red tape delays, it will still be necessary to hire an attorney to file whatever (basic or formal) probate documents in order that your (estate) seller gas sufficient powers and authority to pass marketable title to you.

Someone wanting to sell you an LLC is a huge red flag.

Depending on the situation, you should have millions available to you before you start, also keep an eye on  timeframes that drag on, govt. red tape, small minded politicians, as accruing interest can slowly kill you and if you're not prepared for lots of hurdles developing land  will take you down if not planned for.      

Most of them were just eeking out a small cash flow, and one was even slightly in the red for some reason (I could see the income had been slowly decreasing each year since 2011).  

. :-) Fair response...I know you know...but I'm also sure you know, some (Not you) take such a literal translation of the root etymological definition of a word and run with it.

Hard money is simple, can close quick and lots of less red tape, but comes at an extreme premium in rates.