I guess they would do that for a  very very well established operator.. new operator or first time client I suspect that would be a tough one.

Unless of course, you've been in business for a while, have an established track record and can convince a lender to give you a Small Business Loan.

The best place to start is by establishing clear goals and then diversify between additional passive income properties, as well as private lending, etc.

Trying to stay away from family and close friends but I will see.Another question I have is that I am much younger than the tenants living below and feel like there will be a respect issue there.

Once a Value is established you then evaluate the condition of the property to estimate the amount of Rehabilitation work required to bring it up to Market standards.  

I'd start looking for agencies you're interested in working with and see if they're looking for a sales person so right after you get your license you can start right away.I got mine in about a months (classes and the test combined) time and had already established a relationship with a mentor who owned his own brokerage so I started immediately after getting my license.Let me know if you need any other pointers or advice!

Realtor said he has two 4plexes in a nearby area that are 340 and 350 respectively.  2bed units all commanding 750 in rent, and fully rented.I've got bout 50K in cash. 

You could also attempt to recover from the seller if you can establish that they were aware of this issue and did not disclose it - which you should be able to.

What I would like to do is show that I've had steady rental income for a year or 2, establish credit and then mortgage my existing investment property to buy more.

For age of construction, I would call anything 10 years or newer "A" with respect to age of asset.