Just finished college in May & I’ve got a solid & stable full time job without any student loan debt.

Pay off the loan in full before the first payment. 

My biggest challenge i am facing right now is that with my wife being stationed here in hawaii and myself not wanting to start my investing in such an expensive market here paired with me being a full time student right now I dont have an income.

Also, how would taking out a loan work, will I need 3 separate loans or 1 for the full amount.

The only time personal guarantees may not be required is if: the property is underwritten commerciallythe corporation is established for at least three yearsthe corporation can provide three years full financial statements and corporate tax filings that are strongthe corporation has a high asset base, andthe corporation has positive cash flow and consistent net profitDo you set up a holding or operating company?

I'll be starting my full time investment business (mainly fix/flips) in mid-August.

I work full time, my wife and I file jointly around $110k income.The house cost $168,500. 

Details in MLSUnits: 6Taxes: $5874 (annual)Gross Income: $48,600 ($675 per month)Net Operating Income $38,838Total Expenses: $9762Vacancy Rate: 5%Asking Price: $449KOwner pays Trash & Water______________________________________________________________Based on the expenses I am assuming that the property management is completed by the owner and that they are including ~$4K a year in insurance.I ran the numbers in my own Deal Analyzer and I added:5% of Effective Gross Income as Maintenance Expense 10% of Effective Gross Income as Property Management ExpenseBumped the vacancy rate from 5% to 10%Insurance: $3000 (annual $500 per door)Water: $3240 ($45 per door - typical in city)Trash: $1,800 ($25 per door - complete guess)$12K for improvements ($2k per door)20 year note @ 5% with 20% down (assuming full asking price)2% Closing costs______________________________________________________________My numbers show a Cap Rate of 5.7%, cash on cash return of -5.12% and -$1,668 of annual cash flow. 

I am a Realtor who does not discount my work and my clients get my full attention and knowledge. 

If I wait til my credit score goes up, using credit cards and paying them in full every month, could I get to the point in the near future that I could use the 200k for 20-25% down, therefore getting a higher price investment?