I got into RE investing utilizing the same strategy as you're exploring.

I've done a few so I'm typically offered 90% LTC.

@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Meaning, the bank wants to see that a property cash flows for typically one to two years of tax returns before they count it as income. 

Google permit expeditor or ask the county who typically is used.4.

@Trevor McCormick to piggyback off what others have said, determine if you are trying to maximize it as an investment or utilize it as a vacation home you will STR to help cover expenses, as this could dictate which type of property you are looking for. 

While I don’t typically work with real estate agents to find deals, I do collaborate with other professionals throughout the process.

Typically, we conduct background checks on only the individuals who are responsible for the lease (primary resident) and/or cosigners.

Also, banks typically use a valuation process that does not favor the BRRRR strategy. 

Quote from @Ogonna Odo:  Small ones will not, they typically like cash or checks.