@Matthew Shelton You'll have a hard (not impossible) time finding a bank who will do a loan when there's a second lien, so look for investor friendly lenders, and you'll have a hard time finding a HML that will take a second position... but for that, contact @Jahnae Allen - that's what they do. 

This is coming from my time driving for dollars and coming across these as owners of a distressed home I want to mail to.Questions I am asking myself are, do I assume LLC owners are other investors, and, for the bank owned properties, is that something I need to find a way to contact someone within the specific bank?

Joe   am  always  looking for eyes on the ground feel free to contact me

Otherwise, having a stable job (9-5) while networking and marketing can help you gain knowledge, contacts, and a traditional 30year loan down the line when you're ready to go.

For expenses, you could start off using the 50% rule (assume expenses will equal 50% of your rental income) for initial analysis, but once you're doing serious due diligence, you can do the following:-Look up the property tax rate on the county assessor's website-Contact insurance companies for estimates on insurance-There are some rules of thumb for estimating regular maintenance and cap ex costs.

Been on a binge of info here lately.

I contacted the county and found out who the owner is and they were able to provide me the information.

If you think you're liking the numbers on Loopnet, contact the broker or the seller directly.

If you think that I could help you please contact me through BP at any time.  

In Charlotte I have enough contacts that I've paid someone else to do almost everything.