@Haemi Jung A 1031 exchange is not a bad option if you have a gain on the property.

I just bought my first rental property, and it came with a pool that needs some repairs that could be fixed.

I was helping some investors acquire properties and figured I could do better with a license.

Research the County Clerk / PVA office for LLC, and individual names that have a bunch of properties listed under their names good way to identify landlords w/ multiple properties.Just a couple of ways to find package deals. #2 is also a good way to find off market deals which is where you can save the most even if it's just buying a house direct from the owner w/o an agent.  

Regarding security with buying the property, I can't say I'm too worried about that.

the land bank they are talking about is city owned property they took back for non payment of tax's or liens etc.. its NOT Bank/lending institution you buy the land from the city land bank they may have special programs for locals that are looking for owner occ situations.. either way if you pay cash which is how most of that is sold if not all of it.. then your credit does not matter.

I am trying to enter the real estate industry with a rental investment property.

I renovated every single inch of this property.

I have a 1031 exchange coming up soon that I can leverage into $900K+ for one or more properties.

Purchase price: $485,000 Cash invested: $125,000 This property was zoned residential and commercial.