If you think you will go FHA, Conventional, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

I understand that the rehab costs are taken during depreciation but is there some sort of way to accelerate that?

My thought process is that I could use the second mortgage to accelerate the buying process and buy more then just one at a time.

Thinking of attending a general meeting as a guest to see if think being a member may help accelerate my REI learning and networking. 

I used an accelerator approach: I let him know what fair market rent should be and also reminded him how much I valued him as a tenant and didn't want to see him leave.

@Steven Hamilton - Can you accelerate the depreciation on improvements added after the acquisition of the building?

Might be worth paying for a list of all MFRs in your area that have been held long enough to have good equity built up.If you can find one of those MFRs, definitely consider house hacking to reduce your expenses and accelerate your ability to invest.

To really accelerate your journey, join a community that will educate you about passive investing and will enable you to network with passive investors.

I intend to roll the net income from the property back into the lien to accelerate the loan payoff.  

Lenders and brokers/agents like to say  GO,GO,GO and get the buyer knee deep in costs hoping if some issues pop up they will stay committed to the deal.A good broker/agent tries to maximize discovery upfront at the smallest cost to their client to get ultra clarity on the viability of a deal going to closing before accelerating a bunch of costs in the process.