When you index the S&P500, history has shown that you will beat out 80% of the actively managed funds.

Our daughter even drove by it back in April and said it was in great condition. 

I'm evaluating a house that has a history of meth that will require renovation.

The best way to show your payment history is with cancelled checks and that will be determined by the deposit date not the date the draft was written, so make sure your lenders are making timely deposits.An LLC, obtaining credit on it's own won't really happen in RE deals unless you have significant assets and experience that exceed the loans requested.

even if i rented the property and i can prove i collect 700 a month in rental income, i need to show a couple years of rental history to use that income?

IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said.Yahoo FinanceIn the biggest bank failure of the housing downturn to date, federal banking regulators today closed IndyMac Bank FSB, naming the Federal Deposit Insurance Corp. as conservator.The FDIC said it will transfer insured deposits and "substantially all the assets" of IndyMac Bank, to a newly created successor, IndyMac Federal Bank, which will be operated by the FDIC.Insured depositors and borrowers will automatically become customers of IndyMac Federal, FSB and will continue to have uninterrupted customer service and access to their funds by ATM, debit cards and writing checks.

I will also look at how to best develop a credit rating, not having a bank account in the US, I have no credit history.

I'm seeing trending areas/good investments mentioned all the time on these forum.Once you are a bit more educated on what kind of real estate investment best suits your personal needs you will want to get in contact with agents who have a history involving the types of investments you are looking for.  

I see that, we were actually posting simultaneously so I didn't see the rental history of the previous owner before my post.  

The # 1 is the numbers.Past rental history + income.