I had to make a business decision to either continue to supplement it at $750 per month for how many years and HOPE that not only would the rental rate increase, but also the equity. 

Are you looking to invest as a means of supplementing your retirement income? 

Unlike leads you can order online from a generic website, I can guarantee that the leads I pull are fresh (60 days or less), off market, and I use a ranking system to determine which sellers are most motivated based off of factors such as the executor of the property living in a different state and the amount of siblings the house has been inherited by.

I use incorp.com and make my LLCs in Wyoming.That is way too generic of advice that does not work for all aspects of real estate investing.If you are in the rental business, an LLC generally makes sense.However, if you do fix and flips or development, an LLC may be a massive mistake because of self-employment taxes. 

I had to supplement the extra $23K but it was worth it to avoid taxes on the first property.$50,000 rentalThis property we purchased for $125K with the remainder of the 1031 Exchange turned into a bigger project than expected.

If you do want to respond to all of them, create a simple generic message you can cut/paste to save time.

So, I was just wondering if there was anyone out there that could give me a generic process for going about this, i.e. necessary steps (appraisal, title check, etc.) and also the necessary forms involved.

I wanted MLS access to be able to run accurate comps and supplement my property searches via marketing.I think your last statement may be the way to go.....I don't currently have any realtor friends but maybe I could work out an arrangement with one somehow - off the record.

Most have a book of forms (probably generic but maybe not) or give a copy or access to a book of forms for new members.Best of luckMike C

for generic research, while you're mulling over an area, it doesn't hurt to do it off the retail side of mls.