People live there because they have no other options.

To keep the home loan people from getting confused, you will want to NOT report the rental income/expenses on your personal tax returns Schedule E, instead have the LLC do an S-Corp election, and report the income/expenses there (after confirming the truthiness of all this with your tax professional, of course).

People often refinance to much money back out of the deal and turn the property into an alligator that no longer pays for its own PITI. 

This is a great place to learn and to connect with people so take advantage of all the great resources.

. * when I say private lenders I mean true private lenders; people who lend to you becuas they know and trust you.

Tell the people you interview the address or just the area and the property details (so they don't look up current rental info.)

I am a 25 year old Chicago native and looking to grow my knowledge on Real Estate investing before jumping into my first investment.

The people who are the "business development" people like Laura working for this company, how do you think they make their money?

Attend meetups and meet as many people in RE as you can.

Happy to find people that have existing BiggerPockets profiles/history as well.Wrapping it all up...