Definitely consider an LLC now, it will improve credibility on your first deal in presenting an LOI or even approaching a broker/vendors, lenders, etc.

Here is one that is currently going around in my town of Waterloo, IA that i think could be a big deal for landlords:The Community Development Waterloo, Iowa Lead Hazard Control Grant completes improvements to your home to remove lead based paint up to $40,000.Both owner-occupied and rental homes can participate.Your home must have been built before 1978You must be income eligible & have children under the age of 6 who reside or visit frequently.This money can be used to replace windows, doors, or siding with lead-based paint.

I’m reading the books, listening to the podcasts, and watching the YouTube videos but would very much appreciate any guidance!

Now, with a diminished supply being fought over for increased homebuilding and improvement projects, the wood you need for that Little Free Library project will cost you 250 percent more than it did last year.The upshot: Suppliers weren’t convinced that the construction industry could withstand the pandemic until 2021; they’ll need time (perhaps till 2022) to ramp up production enough to meet demand.

Simply say HELOC is for house improvements & leave it at that.   

So that would improve my DTI with each new cash-flow-positive property acquired.

Found this place that needed some work done, but has lots of bedrooms and cost was similar to much smaller properties with minor improvements.

I apologize in advance if this a silly question to most, but believe me YouTube or Google didn’t not answer this question firmly for me.

What would you recommend when shopping with lenders what questions to ask, and just how to be efficient as possible. 3) Lastly, when I spoke to the lender he mentioned a 203k loan to me I’ve been watching YouTube videos and just googling as much info as possible.

Not because I'm trying to hide anything but I've never lived inside the property and don't remember a lot of the details as to when improvements were done 10-15 years ago.More importantly from the seller's point of view: What's the upside in doing so in a hot market like this?