I have several landlord friends that have tried to rent to students and said "never again."

HI Pinny,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

Have sold several in the area breaking even turn key or 3-5% cash on cash return after renovation on first year.

If you're asking how to get a general purpose loan to the LLC, then that's not going to happen without several years of operating history and organized financials for a CRE lender to underwrite. 

i am a reo broker here in south florida and work with many current asset managers and several banks. we sell many reo properties. some of those lists floating around out there are dead end streets as so many bomb bard the asset managers with requests they dont even reply 1

There are several things here -1. 3-4 unit properties require a self-sufficiency test, which could impact your down payment requirements as that could change the max loan amount that they can lend on.

Just sent several clients today some in $125-$150K range, but they pretty rough, but rented at 1% rule and not in the best areas. 

TIA For organizing and saving receipts, there are several phone apps and software options that can help streamline the process.

Magnolia has an incredible restaurant in another part of Waco, they bought a historic hotel that they are currently renovating, they bought an actual castle in the heart of the city that they are currently renovating, they own one of the largest real estate brokerage firms in the city that continues to serve the real estate market, and they themselves own several Magnolia short term rental properties that tourists can rent nightly to have the full Magnolia experience.

@Nada MohamedI recommend that you speak with your accountant and several cost segregation firms to compare benefits and prices.