Start by analyzing deals, setting clear goals, and building a strong network.

@Joe BellevilleTo build a successful multifamily property portfolio in Grand Rapids, set criteria for property type, location, and budget, build a team, analyze deals using the 1% rule, leverage house hacking, leverage local knowledge, prepare for tenant management, network, and focus on long-term goals.

Once you've been preapproved, you can find an investor-focused agent in your market that will set you up with an email list of properties that match your criteria. 

Mine set under the below types. 

If you didn't want to be bound by the terms of the loan, which is set forth by the written loan agreement and mortgage documents (and not what your loan officer told you), you shouldnt have agreed to the terms and taken the loan - you shouldve gotten a different loan.

I also have set up a couple checking accounts for each property as well.

Bonus points if they could set me up with a LOC!

Instead, he seems focused on discouraging me from setting up an LLC due to the fees associated with California.

@Sam RogersThe key to them as I understand it is you become a creditor to the trust and are paid back in a predetermined set of installments.

We found that we were often outbid by novice investors or that the bank set a reserve price so high we couldn't make the numbers work.