I had planed to explore how to get no money down or low money down loans for purchasing real estate down the line when I had more experience in real estate.

How about a 2 hour plane ride??? 

From everything i read nothing ever goes 100% as planed so I would budget for the something going wrong so it does not kill your investment.  

If you are planing on getting a conventional mortgage there will be a 4-6 week process.

My advice would be talk to a few providers over the phone to get a feel for their style then GET ON A PLANE AND GO MEET THEM IN PERSON.

@Hush Dinero - There's a very good podcast by @Andrew Cushman , am not sure of the number but I've watched it a couple of times on YouTube and I will recommend it to anyone planing to get into MF.Good luck 

What does that look like after you factor in a couple of round-trip plane tickets for periodic visits?  

Higher rehab costs then estimated and cost of cash is higher then expected not only due but other issues due to rehab taking months longer then planed. 

So, you lose a lot of money due to having bottom of the barrel tenants, more damage to your property(s), poor quality maintenance and repairs and you will pay much more money for contractors and other vendors because you are not hands-on and you don't get to shop and deal directly with contractors and vendors.Let me know where you are finding long-term rental properties for $100k to $150k that rent for $2200 per month because I will jump on a plane and buy every one of them.

A quick google search suggests you can catch a plane, walk in to a bank and open an account with not much more than passport, and possibly a tax payer ID...which I think is easy to get.