What is a correct LTV to aim for, something about even a 20% LTV scares the Day lights out of me as all i have is this 700k.

The aim of this is to get a very good idea as to what the best practices are for managing real estate on a variety of properties. 

Perhaps you can aim lower than $900 per month in rent by sharing a place with someone.

In the long term I want to continue to buy and hold rental properties to supplement my earned income.

If you do want to go the foreclosure route, I would aim to get a pre-foreclosure list.

What you are asking is should I be a real estate  speculator.Why do you want to be a landlord, do you know your state landlord tenant codes, will you have a property manager or manage yourself, do you have the skills to deal with tenants and evict, are you OK with tenants damaging the property, are you adverse to risk, will the property have positive cash flow or will you supplement your tenants rent monthly, do you even know what market rents are, is it your desire to own and operate a business, do you understand that equity in a rental will decrease the cash flow and possibly turn the investment into a liability, are you only doing this to speculate on appreciation, when the market turns in the future will you be ok losing money, will you hold long term when the market drops or take your losses and run ????????

My aim is to network and share (get and give) information with others.

I aim to be financially free utilizing passive income from real estate to do so.I always hear people saying they wish they started investing earlier.

We are planning to buy a few buy and holds to supplement our income over the next few years.

I wish I had aimed higher when I started.