Then I'm using the 1% rule as a very basic guideline as I compare listing price to potential rent. 

Obviously, they dont want to lose money, and wont lend on a bad deal, so I do my analysis, get my numbers, and then compare it to theirs after they do their analysis.

You need to get real comparables and find out what the house is actually worth.

A major snag in moving forward that I’ve experienced is not having the money for a 20% down payment for a traditional bank loan.

Then, tenants use a mix of baseboards and space heaters to cover the rest on their own dime.On my last two rehabs, we've separated plumbing to the units so that we can pay a single city base charge, but then submeter the units down the road to do RUBS.We also tried, at one property, simply sending a group email each month sharing what our heat bill was and how that compared to the previous year.

@Greg Tomita Being inland in Eustis should help keep your rates reasonable compared to the rest of the country.

We bought two of our other small properties outright and a third we have a traditional mortgage on, so this isn’t something we are familiar with.  

You can not compare LLC to S-corp.

If you will cash out later interest rate will be higher compare to regular purchase.

.: looking through MLS, contacting certain people, sending direct mails, etc.)What % does screening the MLS (+other websites such as Zillow, etc.) represent compared to other strategies you may use to find deals (such as direct marketing, etc.), both in terms of # of analyzed properties and # of purchased properties?