I am currently trying to narrow down my initial target market and specific farming area.

Everything I do is Section 8, I prefer them to B and C class renters.

@Brandon BaylesI think you are making it more time intensive on yourself than it needs to be.If you are going to do it yourself:You should put in a very narrow search criteria that fits your potential homes and look in the couple blocks surrounding the potential home for sales closed in the last couple months.

This rough criteria narrowed the list down to around thirteen neighborhoods.So now I have narrowed my focus on the thirteen neighborhoods where the homes would more likely satisfy the 1% test (the 2% test is even more difficult).

At least I've helped you in narrowing down your strategy.One of the markets we operate in is the Dallas/Fort Worth area which has some great single-family opportunities still available - primarily in communities just outside of Dallas.

If not that narrows down the list of suspects.

I have joined a local meet up for investors in my area, and am meeting with a local agent early next week (He is a good friend of someone I worked for this past summer).I am a finance major at The University of Alabama so I feel like once I am able to get my hands on some numbers and statistics it will allow me to feel more in control of my strategy, and narrow in on what works for my market.

However, in Oklahoma (and i'm sure many other surrounding states) we only saw 7.5% drops in the last downturn and in B and C class properties our rent rates stayed stable!  

So I just opened 2 brand new separate LLC's recently.Company A, and Company BI applied at WF for a business line of credit for Company A, and was approved for $25K(based on personal credit score/income)I went to a different bank(AFCU) for Company B(credit union) and they said that the most I could get for a new business in $10K(their policy on new businesses...I didn't apply yet)The question is......Can/Should I go back to WF and apply for a different line for Company B and potentially get $25K for Company B as well?

You are being too nice and have let this drag on too long before ripping the band aid offSince his lease expired he in on a M2M..... serve him the proper notice to terminate.....usually 30 or 60 days depending on your state etc.Get your ducks in a row to evict him if he doesn't move out after that notice.....during that "waiting period" study the steps for eviction and/or get a lawyer lined up....