Focus on absentee owners and start with the ones who live the farthest away and only own one property in the area since they have the least use for the property.You can also drive for dollars, looking for anomalies of disrepair and then look them up in the tax records and use a site like Spokeo to do cheap skip tracing.

Without a shop, you can just say, “Here’s where you can find the toy” and skip the warnings.2.

I am from the Chicago area and looking to purchase my first property in the next 3-6 months. 

I looked into a program that is called the rei accelerator and they said they will guarantee me a deal of a 60+ unit apartment building in the next 4 months and i will get to a closing table and generate $20,000 a month off my first deal with working with them.

Firstly, becoming a multifamily agent is a fantastic way to learn the business first hand while making some cash in the process.

The Rental Property Association of Wisconsin has monthly meetups, next one today RPAWI .org

Or do you need to strictly stick to repayment process based on the duration of the loan?

I truly believe the first rental property is the most important, less so financially, but most importantly to get you in the investor mindset and make it real! 

@Jonathan SmallI agree with the previous posts.

There are options to work with the title company after purchase (60 days) to buy it with conventional financing and then shift the property into an LLC with a quitclaim deed to get the same effect as purchasing with your LLC but you get the advantage of better rates with the conventional loan.