Your information is very helpful.The broker should have a copy of the P&L statement, correct?

Sounds like you may want to work with a real estate broker.

@Brian Garrett I am a list broker.

Looking for a local agent/broker in E.

I have already spoken with a broker and I have been pre approved for a FHA loan up to $375,000.

If "Investing" does not work out or is slow to start, you have a back up career at the ready which of itself can be quite lucrative.The only downside I have seen to licensing is that not everyone is able to find a Broker off the bat that is supportive of their Investing goals.

I would use a mortgage broker to get the best rate.

This in large part will be dependent on advice from your mortgage company/broker.  

If so do I just leave the Broker information blank? 

I signed up as a pro member of BP, joined a webinar by @Brandon Turner, analyzed a potential deal, have been listening to 1 podcast per day for 6 days a week, have been reading BP articles, started reading BP's The Ultimate Beginner’s Guide to Real Estate Investing and Building Wealth One House at a Time, bought 4 BP books, created my BP profile, talked with a California real estate agent, talked with an Indiana real estate agent in referral, talked with a friend who's a real estate investor, asked friends for real estate agent referrals (even out of state like Nevada, Chicago and Tennessee), etc.Bottom line is I'm super pumped about real estate investing :) Just in case anyone is curious, I'm looking for a team of mentors, real estate markets outside of California markets, real estate agents, mortgage brokers/loan officers, real estate attorneys, property managers, contractors, insurance agents and handymen.