Personally, in this market, I would work on saving up and really doing my best to find a great opportunity and pull the trigger then.

If you have a chunk of money to get going I'd personally buy the biggest thing you can if you don't I think house hacking into a 4 plex is great. 

@Mario Morales - Personally, I would do some research in your target market and search (even it on zillow) for 2-4 family properties and see what agent(s) seem to transact the most in that space.

As long as no “healthcare” services are provided (like medication or personal care), it’s not regulated by the Department of Health.

Insurance liability, I personally know 2 families that lost their children in home pools.

My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?

I can't just put the LLC's income directly into my joint personal tax return, right?

Personally, I'd start looking in markets you're familiar with, similar to what you said in your post.

This does not seem realistic to have a credit score of 580 if a person doesn’t even have a SSN. 

These are usually from personal connections we have made through the years and the investors usually want proof of experience to participate in any deals.Can you recommend any lenders in particular for SBLOC product?