HML's generally prefer loaning to entities since it helps avoid compliance, but this is a just business decision on their part.I agree that a HELOC from a bank is likely your safest and most cost effective bet.

Any investor should use extreme caution with interest only payments, as basically they are betting on appreciation and a falling market would hurt that plan.  

After reading these posts, it seems your best bet is to have everything spelled out in the lease and make sure they understand everything and make sure you walk through the property, explaining things to your tenants, asking them what kind of skill they have i.e. changing a chain on a toilet, shutting off water, changing light bulbs etc.  

Okay, I play;BP didn't exist on my first deal, the internet didn't exist, bag phones didn't much less cell phones, computers did exist, they were the size of a room and ran off punch cards, 0010011010010011100101,Josh and Brandon hadn't been born yet I'd bet, so my first deal can't really go to their credit.

Just watch it because I bet you the investor "bug" will bite you!

If you want instant buyers that are ready to go now, your best bet is to join a team that has an ISA.

I'd bet if you really add up the expenses it's not as good of an investment as it appears. 

From reading her posts, I'd bet @Helen Kirk has some insight on this....

Ziaur,There are lots of lenders who can get you 1-4 units with 30% down, we can help you with the financing, also out of state you can get more bang for your bucks, your best bet would be buy 5 properties for about $40k each and get rent of about $850 each, that should put you at the ROI you are looking at. 

Your best bet is used transactional funding.