Once I build a list of prospective homes, what steps should I take to identify which homeowners might be interested in selling?

It is expensive but money is not cheap at all nowadays and as others mentioned even getting a LOC against a rental property is a huge score as not many lenders are lending on that product.Question I have is what are you using the $ for and can you earn it back? 

Negotiating the seller down on sale price from $200,000 - $185,000 to build some instant equity in the property.

Despite blowing through all performance projections it was just an endless stream of ridiculous requests for reports and information (beyond what was agreed to in the operating agreement) only to satisfy a junior analyst that probably hadn't stepped foot on a property in his very young life.  

I have an investment property with a small front yard and average sized backyard. 

Well we'd need a lot more details on the property before anyone can help.

Congrats Brendon, what was the draw for you with the property?

Hi Jim, if the property isn't being used as a STR currently, certain DSCR lenders can use data like AirDNA to qualify for financing.

I have had a passion for real estate at the start of 2024 and I am hoping to buy my first property shortly.

What I have saved would ideally go to filing an LLC and earnest money when I get properties under contract.