What I want to know is, if I move there and get myself an established job history, with a 20% down payment and a proven income of ~$1200/mo, is it likely I could be approved for a 15yr loan?

While not actually written into IRS code, the 2 year holding period was essentially established by way of a written IRS ruling on the subject.

We have some funds w/ Guidant which now uses I-direct to establish the LLC.  

For example, a great way to start is to establish and build your credit worthiness.  

my husband and I just became real estate investors and are trying to establish our cash buyers list.. help....... we need some info, we put ads on craigslist made bandit signs.. no calls.. ughhhh. please any and all info will help...

This will let you know what you need to fix and will let the inspector know that you are an upstanding landlord who wants to do the right thing.I did this on my first rehab --> rent deal just before moving in my tenants and did have to fix a couple of small things, but it established a great relationship with the inspector which lasted over 15 years. 

Some bed-and-breakfast establishments, special shops, boutiques, restaurants & cafes.

We know that some lucky people will be making bank from the next IPO, and many will want to buy property here and establish roots.

@Tilmon Smith Resurrecting an old thread that has maintained its relevance, and perhaps even grown in relevance.ERISA 401k plans covering non-owner employees can certainly be established to invest in real estate.

@Michael Modesto from what I understand, you must establish an LLC in California if you are in California.