The cool thing is, financing is easy to obtain as an owner -occupant and you can do this 2-3 times, as long as you really are living in the home for the first year.To get you started I'd highly recommend the book: Investing in Real Estate by Gary Eldred.

If you keep I first loan at 80% LTV or less, and add a second loan of 20% or less, I can still obtain 100% financing without paying PMI.

I am looking to get started in Real Estate investing and was trying to obtain an LLC but I don't know which state to apply for one.

Using 28% toward a mortgage, although a lender will go up to 45%, that $2,500 a month makes a $400k mortgage obtainable. 

With this in mind, what success have you had in obtaining 1-3 years of operating statements BEFORE moving forward with placing a property under contract?  

In addition to the basic restoration criteria outlined above, a veteran may obtain restoration of the entitlement used on a prior VA loan under any of the following circumstances: the prior VA loan has been paid in full and the veteran has made application for a refinance loan to be secured by the same property which secured the prior VA loan.

A list of encumbrances on a property's title can also be found in the land registry.A list of building permits, work orders / code violations can often be obtained from a City or Municipality though an access to information request.  

Is there any inexpensive or free sites to obtain homeowner info for abandon properties in neighborhood?

From your avatar, you look like a pretty young guy so the likelihood of obtaining some great financing terms will be higher.

.), I'm not aware of any "exit strategy" that would allow you to obtain an additional FHA loan apart from selling the property or refinancing into a conventional mortgage.