I read in Brandon Turner's Managing Rental Properties that most banks do not loan on properties owned by LLCs. 

This is potentially going to be my first deal so I apologies in advance if my info and idea isn't as succinct as it could be.My wife's family is in Louisiana and looking to sell 6 rental homes as they are moving out of town and do not want to keep them as they were self managing.

I've managed to save up $10k, but with those pesky doctor bills eating away at it, it's looking more like $8k.

You'll also need a solid property manager who can rent the property out quickly once it's ready to go so you can get some tenants in there and maximize the value. 

Out of the eight units I own and manage, I have had countless tenants choose our properties due to in-unit washer/dryer.

I've been listening to bigger pockets since January of this year and after exploring all the different avenues to get started I have decided to test the waters with rental arbitrage.

What do you pay for property management and how many units?

I didn't have the time to fix and flip, or buy one single family home per year, and try to manage it.Two big differences between SFH and Multifamily.

I have decided to niche down to just focus on creative finance (subject to, seller finance).

It's important to take your time with tenant screening and be prepared to manage the property yourself.