In the end I think our income was high enough and the old mortgage low enough that we would have qualified anyway, so we didn't exactly get to test this in practice.

Request rent roll? 

Once you have a clearer idea of what you want to buy you can get prequalified and ready to roll!

Keep the snowball rolling!!!

Hi @David Valladares -- agreed, house hacking is a good way to get rolling, especially on the west side.

Our banks consider our LLCs self sufficient when they see the rent rolls and debt service of the notes.

You can fix and refi to recapture on a portion of the money put down and roll into other assets or leverage your skills with others to target properties where maybe they can brings funds while you provide credit or ability to do the ground work.Originally posted by @Susan Ferris:Hi, We have purchased 2 rental properties in Illinois and have put 25% down on each.

Delayed financing will allow you to refinance a property that doesn't have a lien on it, up to the amount of the purchase price +roll in your refinance closing costs up to 75% LTV on a rental property or up to 80% on an owner occupied property. 

And then put in time taking practice exams and take them over and over and over until you feel you're continually doing well and you should be fine with the state test.BTW, when I was taking the state exam (WA), I was pleasantly surprised to see on it one of the exact same test questions from 360Training.

I had planned on putting in about 5k in rehab and hoping to get $1100 in rent but I decided to beta test my market by putting up a posting for the unit at $1095 with additional pet rent hoping that the pet deposit and rent might pay for the new flooring once I get rid of the outdated carpet(which is still in great shape).