If your company is organized as an LLC or an s-corporation, then any income earned just passes through to the owners of the LLC anyway.

Oftentimes, new players into a particular market will either have to parachute into a sub-market/brokerage community and aggressively buy a deal to get everyone's attention OR organically take the time to insert themselves into the community and develop relationships.  

, the tenants were quite fine, and actually pretty excited about the idea of the repairs :)We just strived to maintain open communication with them throughout the process, and showed that we respected the property itself, as well as respected the tenant's time and how they have made it their home as well (by showing that we want to fix it up for them to provide a better place for them to live).Granted, we could have just lucked out an have easy-going (and logical) tenants, but in sum, I think being respectful of the tenant's time and space, and showing objective reasons why the repairs will benefit them goes a long way in rapport building and getting the job accomplished.

If you're doing this full time now and are all organized and stuff how did you start out presenting yourself professionally in this arena?  

Networking is key, join a few organizations and volunteer her time.

Are you organized and have your numbers together?

I am actually currently negotiating a deal for a 3-family in BK for my clients who have the same objective as yourself.

In many larger cities across the country there are community development organizations that have formed to bring investment and turn marginal areas around.

I've purchased partial interests on several occasions, it has always worked out as the other party understands that 1. they are no longer having to deal with that original party, 2. they aren't going to win, a sale can be forced and they will get what the auctioneer hands them 3. the feud may continue but it won't be over that property, it's no longer the object of contention.As to financing, honestly there's no story that comes to mind, I never really lost money from a loan when all was said and done, so it's not exciting.

I'm a 'shiny object' kind of person so I'm always looking to learn about new businesses.