I recommend you look into these others as well:0% Down:NACA (https://www.naca.com)VA Loan (http://benefits.va.gov/HOMELOANS/index.asp)Rural Development Loans (Renovations MAY be included)(http://www.rurdev.usda.gov/HSF-About_Guaranteed_Loans.html)3.5% DownFHA (http://portal.hud.gov/hudportal/HUD/topics/buying_a_home)3.5% AND RenovationsFHA 203k loan (http://portal.hud.gov/hudportal/HUD/program_offices/housing/sfh/203k)Not as cheap, but come with renovation options attached to the loan:15% DownHomepath Investment (SFH only)25% DownHomepath, and pretty much any bank, Investment (2-4 Unit Buildings)Auxiliary:http://203kcontractors.com/You can have 2 VA loans at a time according to another BP member

As soon as I get through closing on my own place next week I'll be looking at finances for my next investment, identifying local folks to partner with (contractors, attorney, accountant), and researching neighborhoods.

I think you have to be apart of the community to fully understand it and develop your strategy from there.

The current Rental/Lease Application process and fee is a recent development, it wasn't always a requirement.

Analyze the local safety, political, and economic circumstances and get a feel of long term general (urban, industrial, infrastructural) development.

Develope a good relationship that benefits both you and the agent and you will find an agent you can trust.  

I'm digging the advice and support in this thread.So basically, I have a few options that revolve around developing either an S Corp or LLC...- Develop said entity in the state where I'm investing-OR- - Develop said entity in the most tax favorable state of one of my partnersI'm assuming the former is probably more along the lines of what I want to do.

I currently have cash to buy some properties but am try to figure out the best way to start to develop credit for a new LLC.  

But network until you find the realtor that is looking to develop a business relationship long term.All the best!

Next step is asking the right questions to identify the sellers problem to see if you can provide them with a solution.