I'm here to learn as much as I can about real estate because I am looking to invest in properties near my area which is metro Detroit.

It’s true that you can have a 10 percent down and have it classify as investment property for tax purposes as long as you can meet the irs definition of investment property while also meeting your lenders occupancy requirement. 

This all hinges on what you call a "rental property" is actually NOT a rental property in the tax code! 

$1.45M loan on a $2.2M property at 7.125%

Say we buy a property for $1 million, but we structure it so it's 0% down but a bank/note buyer is in place at closing to buy the note from the seller at 80% value so they walk away with 800k in cash. 

This allows me to get into a great property and leave the bank out. 

I've never done it, but it's my understanding that not all lenders offer financing for properties held by an LLC.

I want to learn more about the BRRRR strategy, as a means to build a cashflow portfolio, by leveraging my experience a custom home builder and developer. 

The goal is to connect real estate investors who are motivated to buy properties to highly professional investor friendly agents like yourself who can help them complete those purchases.We price our leads such that 1 out of 25 are assumed to close into business within the next year or two, but clearly that is not happening for you.

I have downloaded all of the other forms mentioned in the book Managing Rental Properties but can't locate the flow chart poster for the tenant screening process.