Next step, find a lender that will lend to a new LLC.

So it's my first step in the buy and hold game.

.- Uncle putting 100% of (20%) down payment + some initial renovation costs down during purchase via conventional 30yr loan.   

Dmitriy, good advice on the next steps.

BP, M.B - J&G... there are a bunch out there that were all learning from )Don't step over the dollar to pick up the dime - just keep your eyes open to whats in front of you and it will come into focus all on its own.

Hi James - Thank you very much for these actionable steps!

I’ve learned very quickly that people will step all over you if you don’t take a stand.

Next step: finding an opportunity...

So first kudos to you for stepping out on that limb and getting started. 

I was buying court house steps in fort Meyers  new or near new homes for 30 to 40k cash at the steps in 093. my well documented clients in PHX AZ losing 4 plexs they paid 350k for in 05 and having them go vacant and they let them go to foreclosure thereby ruining their credit and losing whatever cash they had in them.. 2010 they were selling for 100k or less and still vacant.so on and so forth.As long as credit does not freeze the values have been reset .. those that were lucky or smart enough or came of age to be investors and bought in the trough historic low price points historic low interest  many paid cash as financing was still tough.. so as long as they don't drink the cool aid and refi out and leverage up you have the makings of a very strong asset base.. plus all the foreigners who paid cash there were literally hundreds of thousands of homes paid for in cash by Off shore folks.. then add in the half a million or more that were bought by hedge funds..