yeah i agree with stephen l, you don't need a lawyer to file for LLC here in the red stick, i had to send $100 filing fee to have paperwork registered with sec of state web address to file online is sos.la.gov just type it just like that, i also had my bank file for my EIN when i applied for a line of credit application just have to talk to your local bank that you deal with real nice and they will work with you, the 1 i deal with is capital 1!

Would need to understand credit score, loan to value, loan size and cash flow of the property.

Even if there is a personal guarantee on the duplex it shouldn't show up on your credit report.  

They countered with giving me a credit for $2,500 at closing.

Thank you Ayodeji I certainly do read and listen to as much as I can on all topics related to investing, real estate, negotiations, self improvement... and continue to learn every day!

We didn't know what we were getting into at the time, and now find ourselves having to complete a Management Improvement and Operating (MIO) Plan..

It is my understanding that if you go 5 units or more you will need a Comercial loan and Comercial loans look at the property value and the revenue it generates and not so much credit score or DTI...so look for properties that are 5 units or more.Or do BRRR (Buy, rent, rehab, refinance) using a private loan (mom and dad or invester) or hard money loan.I hope this helps a bit.Good luck!

I approached a larger branch bank chain, would i have better luck at a small credit union or a mom and pop bank?

@Brent Kiger I've been using rentigo for a while now and am really happy - @Cornelius Dudley is right - the tenants pay a service fee for using credit card or ACH and I'm assuming that's where they make their money from. 

We have great credit scores and high income.