I am a college student, debt free, with 10k in the bank.

Matter of fact, if you switch to being a RE agent, then you are looking at 3 years-ish to establish cash flow for a bank.

I've heard that banks typically don't lend for the houses that need a lot of rehabs, and it's hard to buy a good deal with VA or standard home loans.

Harjeet, that's good to know it's not too much of an issue to have a HELOC if I can pay it back within a year.Brent, the rental is a bank-owned condo that actually costs $75,000...

Small banks are a good place to start

So now I'm calling all the QuickenLoans and Loan Depot's of country and no one will touch it because: A) Its not my primary residence B) I haven't owned it for a year C) The private lender isn't reporting the monthly payments to a credit bureau so I don't have a verifiable proof of payment D) Been doing AirBnB, so no lease (if I wanted to get 2nd home or rental property financing)Solutions I'm aware of: 1) Most loan officers have suggested I call a local credit union, which I have done> The credit unions are concerned because it's not my primary and I don't have  lease in place with proof of payments via bank statements.

Old article but very good info.http://abcnews.go.com/Business/philadelphia-man-forecloses-wells-fargo-mortgage/story?id=12932362

Some banks may say you’re done at 4.

There are a lot of LLC on the list.church's, holdings co ,trusts, IRA, property management co, LLC, banks, Enterprises, equities, ect.What ones of the above would you mail to ?

I have been listening to the Bigger Pockets podcasts ad nauseum for several months now while I work for my father (when I'm not working with clients I keep the money flowing by doing so) and one of the main things that I have taken away from all of the guests is the majorities' response to the question of "what do you think separates successful investors from those who give up, fail, or never get started with investing?"