So far my wife and I have accumulated 5 properties in the Baltimore 21213 and all properties are rented.Our next step in our 5 year plan up to now was to procure a portfolio loan form a smaller bank.

All I do is procure a buyer.

The most obvious ways of locating foreclosures by getting a list of recent default filing notices or procuring  foreclosure lists may not yield the results you want readily.

The typical benefit of s-corp status is that it enables you to pay yourself a "modest" salary, which would be subject to these taxes.

I am posting this because I want to thank Josh for creating such a valuable resource for all of us that it enabled me, in Arizona, to find an investment partner from around the world.

-PRJA good and experienced demo contractor in your area is the way to go if you are able to procure the property.  

You must procure a flood elevation certificate, approx $600, from a reg land surveyor or engineer before I can quote.

A HELOC can be nice, because it enables you to act quickly. 

Once you do decide to procure your first rental, definitely lean on the BiggerPockets community as a resource; I'll also say that it could be worth considering a shot at a software solution built for DIY landlords (1 - 15 units) to bring some automation to the rental management process (just to make things much much easier for you)!

Of course if you could procure a lesser rate than they could obtain on their own, it would reflect positively on you.