Alternatively, I have owned a separate LLC for 3+ years which could probably qualify for a large enough business line of credit to purchase outright.

Our financial specialist can help advice you with lenders here in Plano that can help you apply for home equity lines of credit if necessaryhttp://skandiaconstruction.com/f-a-q/https://www.facebook.com/peterjohannesenrippedmeof...And some more http://www.insiderpages.com/b/15257471596/five-sta...I would be very cautious.

From there, you could take a line of credit or be refinancing to pull cash out and then really come up with a plan for that cash to multiply it through flipping, buying, rehabbing and raising rents, etc. 

It's great that you're saving, but I think you should really focus on establishing good credit right now.

Definitely look at a local credit union.

Then use a web based application taking service like rentmarketplace dot com to take applications and do credit check.Read in the landlording forums on how to screen, write your ad (besure to put your written requirements at the bottom of your ad so applicants know before they call).In time you may decide to turn over management to a property manager, or an agent.  

But, see next bit about working off-market sellers for a commission.If I am working with investors looking to flip and I source the property for them, I charge the off-market seller a small commission for bringing them the deal and I run the deal as dual agency to keep the transaction friendly and on track.

We are exploring a construction Loan and home equity line of credit.

We are exploring a construction Loan and home equity line of credit.

If they don't want to or... allow you to hire someone else to handle that end it can be very convoluted and more easily thrown off track requiring more precious time management of the owner!