Lessons I have learned was to make sure you keep track of all your tenants paperwork and make sure you get a copy of there drivers license.

What sort of paperwork would a bank or lender require to provide the finance?

(IT TAKES SOMME TRAINING FOR THE PAPERWORK. 

Just lots of work and lots of paperwork / accounting. 

We found a lender and provided all the paperwork to get the loans required to purchase the properties but were told the following. " Both you guys are super qualified but the properties you are wanting to buy do not qualify for a loan " ( First property asking price 59k second property 35K, each over 1050 sq ft,   3/1) What made these two properties awesome to us, they were on two different street, same neighborhood with their back yard touching.  

There is an architect in Corning that specializes in historic preservation and she frequently does all the paperwork and proposals for her clients.

@Ron Brady what paperwork do you need to have in order to show the loan between the LLC and yourself?

Though, if I had clients who were constantly lowballing to the point of where I knew it would never happen then I wouldn't want to waste my time with the paperwork. 

Then if you have an applicant with a voucher, you have to submit the paperwork and wait for an inspection.

There is paperwork and an inspection process that must be followed and it can take some time if your unit doesn’t pass minimum standards the first time around.