Some great advice here and I will also highly recommend self managing especially for your first one.

The limits are not high at first, but they can build with good utilization and payment history.

@Shan RandallIn the high-cost Beaverton/Portland market, you can find opportunities through off-market deals and value-add properties.

However, The seller has a high equity build up into the property of about 300k.

Current rents and building quality needs work, total rent income is around 5k/month, parcel is quite big 14k sqft.

Today you can get 5% in a high-yield savings account, take it slow, and plot out your moves to do this thing right. 

While $300K may not yield high returns in your market AND presumably limit you to smaller deals with less doors/units, the same amount could align you with a group of investors purchasing dozens of units elsewhere.

If you're ARV is high enough (relative to your purchase price), you can get away with 20% or less down.

But, here’s a situation in which having my properties in SEPARATE series of an LLC saved me enormous time, aggravation and money.in 2012 I purchased 5 individual high rise condos in different buildings in Phoenix, AZ.  

Hi @NA*I am not affiliated with Sodt Pull Solutions*To perform soft credit pulls on potential borrowers, services like Soft Pull Solutions can be highly effective.