Putting the mortgage in their name is easier, as they can better qualify for the mortgage due to better credit and/or not having any other loans currently on their record, and they are one's bringing the downpayment. 

Previously I had only used cash, credit cards and banks to get my deals done, so I didn't have pitch my plans and projects to anyone.

The tenant's payments go to ClearNow on the 3rd and are credited to my LLC account on the 8th.

Financed one through credit union. 30 yr for 50K.

I'm reading in the forums that many use a once a month strategy as a general rule but does that still apply to pre-foreclosures since the potential seller's timeline may be a little different?

Have them book through the site so that you get credit for their stay and their review.

One of the most common pieces of advice for newbs that I’ve seen on BP is that the best way to start is to gather info/knowledge from others in the industry, and that is EXACTLY what I plan on doing.I have 10 years of entreprenurial experience, and I’m stoked to utilize and apply my skills to the REI world.

We do plan to sit down with a few credit unions over the next few weeks and getting more specific guidance on what they suggest.

Additional late fees may apply at MGMTs discretion." 

Can someone who has challenged credit still get started in real estate investing?