If I do this, agree probably best to go with an experienced expediter with a proven track record.

I see my train running right off the tracks.

You’re on the right track, and it’s a solid strategy to start with long-term rentals to build a stable income base.

You'd be 100% plus leveraged going into your first deal - no track record - I don't even know anyone that would lend money to you.

@Grace Hartman Most of the time sellers offer credits instead of fixing repairs.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Once this is two 1.5acre tracks I don't really want to put a house on one/both and then find a drilling truck showing up to install a pump in the backyard.

The more complicated your business structure becomes, the more problems it can actually cause such as when looking for lending options, getting the best interest rate, keeping clean accounting, filing taxes, opening bank accounts, getting credit cards, executing a 1031, making title insurance claims or even triggering a due on sale clause, etc. 

How hard is it to get credit reports and I have read some landlords get livescan on potential tenants. 

Portfolio loans, asset-based lenders, and home equity lines of credit are all alternatives to traditional borrowing.