Be as specific as possible-Analyze as many deals as you can find that fit into your strategy, learn the market and visit your target area -Assemble a team (tradesmen, attorney, Realtor, CPA)-Find funding(I placed find funding last here but it could easily be first depending on your strategy if you're using a traditional bank loan not a commercial loan or hard/private money the get your financing together first.)For a traditional loan a bank will pre approve you without a subject property, hard/private/commercial lenders are more concerned with the deal so you shouldn't approach them for a pre approval until you have one.

If so, are you in a location where putting up a pre-fab metal building and making it “barndominum” to rent out would make sense?

I haven't looked far into this, as I don't see it as necessary currently, but I figure the risk here is that the APR jumps to 25%+ if the line of credit is still open after that 18-month period.The RehabSo, funny story..

I haven't looked far into this, as I don't see it as necessary currently, but I figure the risk here is that the APR jumps to 25%+ if the line of credit is still open after that 18-month period.The RehabSo, funny story..

@Oneil GuntnerPlease note that matching contributions are made on a pre-tax basis (ie deposited in the pre-tax account).

It is now advertised at 5.25% apr, down from 6%.

There's a pre-inspection checklist that they provide us at the landlord briefings.

If you can get into a pre-licensing education program where you can do nights and weekends to burn through the 4 courses the better(try and get a course in before years end if you can).  

Rent is in super high demand around these parts as its centered between a major ski town and the previously mentioned "Booming" Coal mine towns. 

Compare 2 or 3 lenders to see what your total costs and APR would be.