Yes, I am looking at starting LLC(s) because I'd like to invest in both rental properties and homes.My situation is a little more complicated as I'd like to invest in multiple states. 

If you're going to be living here for 4+ years, I would suggest finding a short term rental (6 month maybe) to get situated and really scope out the different areas.

In a situation like you described it's highly likely the agent would be sanctioned by the MLS if they received a complaint, investigated and issued their findings, could be a fine, could be more. 

"Another potential scenario, what happens with the same situation, except I am in a dual agency with a Buyer as a client?"

I'm also curious if anyone with experience in multiple markets has any suggestions as to whether another market might be best for my situation and trying to start off with the smallest possible out of pocket investment?

I'm new to the game and just trying to figure out how to get as much information as possible on the situation.

A lot of investors are looking for distressed owners in the situation you described.Couple thoughts if you are targeting to investorsFigure out Valuation:1.

In a situation like this most investors will provide the seller with two to three options for carry back with different exits, terms and or interest rates

This isn't an ideal situation for me even at the deal I acquired the properties for.

Thanks for the reply I think my difficulties would be the down payment in this situation plus tif the don't account for the rent income my W2 job wouldn't qualify for the size loan which is whee I'm stuck at trying to figure out any advice on this would there be a way VI's say a hard lender for the down on the FHA or any other options like mentioned before I'm still very new and learning a lot everyday on how to go about buying property's as an investment