So you can scale that if you want.FHA is for people with poor credit and very little down payment.

Those are the key things you’ll want to get squared away.You’re definitely on the right track!

Some of the specifics are credit score, DTI, signed lease agreement, and whether or not the lender accepts rent (house-hack) as income.

I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing. 

I am finding that most credit unions will only do helocs on primary residence.

For example, bank accounts we control and specific investor capital accounts are all tracked in this same software.For our investor reports, each month we download spreadsheets, write a narrative for the month's performance and then export it all to a PDF.

Having a stable income and good credit will be foundational in qualifying for a loan.

There are a lot of moving pieces with that strategy, so having someone who understands how to properly track expenses, capital improvements, and refinances is key.

With a private company, you're really investing in the company's track record (ours is nearing the 12 year mark) and the management team.

It gives you the flexibility to get started quickly and stay on track without the red tape.