Some will apply for a 0% interest balance transfer and show their credit card balances as MAXED OUT.Then, when they receive the 0% balance transfer checks, they simply do quick Cash Advances on those cards and come right behind the advances with the 0% interest balance pay off checks.

I wholeheartedly agree with @Bill Hampton that the local REIAs (and there are a few) are the best way to get started.Also, I urge you not to attempt seller financing without solid, state-specific training and documents.

We’re getting an LLC and S-Corp set up now so we can hit the ground running when we get there.We’re planning to use the S-Corp for the flips (we don’t plan to make enough money the first year to actually reap the advantages an S-Corp provides, but you never know) and the LLC is for our longer term cash flowing holds.We’re looking for advice on what to look for when establishing LLCs and what to look for when selecting a bank for establishing a business account after receiving our TIN.

Ask & you shall receive.

And yes, my drivers license is addressed to my parents house and I still receive mail there. 

At the closing I received a credit for the sanitation bill.  

I also use Google drive, so all of the property documents, rehab plan, invoices, etc. are accessible for the investors to view and a spreadsheet on google drive with the property financials and weekly updates. 

I might of got a little confused now that I read @Nicholas Horsburgh his reply he did not say PPM he said offering memorandum .. many would take that as a PPM  ( private placement memorandum) but maybe he meant like a detailed description in writing of what your trying to accomplish.Generally there are no real contracts for loans there are loan documents though Note  mortgage settlement statement and depending on the lender a whole host of other various and sundry documents usually disclosures so you can't sue the lender. :)

Essentially they become an investor in a larger property (multi-family, self storage, etc), receiving a preferred return every month with ZERO action required while still staying exposed to the real estate market.

I've received leads through my lenders and one/two from my broker, but aside that, it's been quiet.