Well what I was thinking that I could do was look for a tax deed property in a decent area (closer to one of the colleges in town) and use my business credit to acquire the property and to renovate.

I don’t have access to a lot of money but I’m interested in acquiring small multi family properties.  

You have to think about your time when acquiring these pieces, tho.

How do investors get approved for and acquire multiple properties at once? 

Then once you move out you rinse and repeat and acquire your next property.

Operating agreements can outline each member's roles, responsibilities, and rights regarding property management, maintenance, and financial decisions.Future Real Estate Ventures: If you plan to acquire more real estate in the future, having an LLC in place can streamline the process of purchasing and managing additional properties.

Debt on investment real estate is cheap and allows us to acquire bigger properties and improve our cash on cash returns. 

Each STR property I acquire must meet two financial benchmarks: a gross rent multiplier (GRM) of 5 or less [Property value divided by projected income must equal 5 of less], and compliance with the 1% rule as LTR, which serves as a backup if regulations shift or if there's a decline in STR income.

The cost would be a lot less to acquire and the monthly expenses would be considerably less too.  

Do not try to acquire more properties right now with past late payments.