We are going to roll out a powerful vacation rental website in about 2 months.

@Sang PakBanks charge a loan origination fee to generate a mortgage.

HI Roxanne,It is true you need to be in the business for 2 years but no one talks about the details about how that is documented which is either by:- Looking up CA BRE website consumer licensee information which will show how long you've been licensed- CPA letter to sign/date on you being self employed for 2 + years or 5+ years if you're using Freddie Mac's program since Freddie specifically wants 5+ years to use 1 year tax return- or another third party to verify you've been SE (self employed) like business licenses, attorney's, other auditor or licensesWith regards to income like others have mentioned you can use 1 year tax return to base your monthly qualifying income off of.Freddie mac, like mentioned above is a a conventional financing option but the downside with Freddie is they want 5 years in the business as documented with one of the options above.

I'm not a lawyer and not giving legal advice  -  I'm not a CPA and not giving finical advice  -  Simply my opinions@Ike MutabannaTo find a lawyer try checking on the Texas bar website www.texasbar.com You can choose specialties such as Real Estate and professionals with an office location near you.My $0.02 on the Series LLC concept  - I read David Willis' books - it seems he likes the use of Series LLC's for asset protection. 

How do I generate that list ?

With little $ you can get a website going (to sell what you buy), find motivated sellers, and start flipping property.

@Andres Gonzalez Welcome to BP, lots of great resources on the website + there is a local meet up as well that's great to connect with local investors.

There are many subtleties in the RC laws in Oakland, so take the time to learn them on their website and you can always go into the RAP center on a walk-in basis and ask questions.

@ bill, I'm thinking it's an REO as the county website has the bank address listed as address of owner and, BOKF as owner.  

Seasoned rental property investers do not buy a rental property, instead, they buy the positive cash flow the property generates.