I was thinking of establishing the LLC, opening a business bank account and depositing $20k and using those funds to get a loan to purchase a home then rent it out, show that as revenue to a bank, and proceed to buy another home, and slowly rinse repeat with cash flow or breaking even with the long term goal being that the mortgages get paid off in 15 years to where eventually the renters go from paying down the mortgages to paying for my early retirement.  

For a while, I was leaning towards the Buy - Renovate – Rent – Refi – Repeat strategy but the local market is probably out of reach for me at the moment so I’m looking at out of state investing, even turnkey (I know, the term strikes a nerve with a lot of folk).

You will learn from them, but don't say you will never repeat them, it happens. 

Had to repeat 2-3 times before smell was completely gone!

Moreover I plan to be a long-term buy-and-hold investor and if I find a great agent, I will be a happy repeat buyer. 

I'm not busting your chops here, but saying wholesalers simply keep repeating what gurus put out as if that is correct.....it is not correct in any state. 

Rinse and repeat until you can start buying flips or rentals.  

I listen to LFU frequently (I'm not a LFU member) and am very interested in MF units but I have absolutely no clue how to start this process.Any input would be appreciated.Thanks,Jason

I have noticed over time that a good percentage of our guests( and repeat guests) were in the real estate industry.

(they had 0% interest for 12 months) My goal was to buy this rental, rehab (only about $6-8k), rent it, refinance it, and repeat at least a few more times before I paid back the credit cards.