I heard this is a good book to learn step by step  O ya I heard it was free!  

Hello all.I am a newbie  and step one for me is saving for a down payment and practice analyzing deals.

The first step would find an Investor Friendly Realtor assuming you do not have access, to the MLS.

Some landlords may take the very ill advised step of handing out keys before move in monies are paid.

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/ - LISTEN TO THIS TODAY!

Step 1: buy Dave Lindahl's book "Multifamily Millions", Steve Berges "The Complete Guide to Buying and Selling Apartment Buildings". 

The challenge with getting a loan under an LLC is that the cost of finance is typically higher (6%) and they may or may not have a balloon payment at the end of 5 years.

However, there are steps they must take prior to reaching this stage of the game, including notifying the landlord/management IN WRITING (keeping a copy of this as your documentation) of the issue and giving the landlord a "reasonable" amount of time to address this repair issue.Keeping areas free of rodents/vermin IS one of the requirements. 

I know it has been called a little/ no money down investement route but I believe that is more to do with marketting costs.The gurus have explained the steps in details such as qualify a TB, but in order to do so don't I have to go a mortgage broker and ask them to carry out the required checks..surely that carries a cost..I would like to understand from someone who has experience the followingwhich professionals need to carry out each stage for both the TB and the seller documentswhat are the ball park prices I need to expect for these services. 

First step is to determine what you're allowed based on current zoning and see what if my will take to get a variance if required.