I am not an expert, but I think it is 2 years per property.You might be able to find private money sources in your area to get financing until you can get approved by the banks.

I know @Ben Leybovich is the creative finance expert and I would be grateful to have his input here.Also is Lending Club a good option to get my down payment money? 

Here is a question for the more experienced experts out there...If all factors (neighborhood, quality of home, repairs, etc) are the same, would you view a fourplex that costs $160K (or $40K per unit) the same as a SFR that costs $40K?

They'll be people there from all walks of life and because there are a million ways to make money in real estate, not everyone will be an expert in everything.Just go and be yourself and be open to the experience.

I'd be happy to talk further about that area as it has been my focus for the last few years, though I am by no means an expert.

I am not an expert and what I've been told is that the construction defects law runs out about 7 or 8 years after the building is built.

You are the expert and I am the Newbie but I would cover those beautiful hardwoods if you do not think your tenants will take care of it.

Of course there are advanced education courses you can buy and apply but for all those offers you are given the basics and the awareness that they exist so you can choose the path for your personal education and for all of them the benefits far out way the cost, I consider them cheap.New Peaks and the trainers are all experts in their profession and they all eat their own cooking as they say and speak from experience, but the biggest benefit by far has been the members, Peaks People are Awesome and getting more Awesome every day and that includes me connecting with these people on this path is the best thing I have ever done for my business and my life, I could go on for hours on this I will keep it brief.

There are plenty of resources you can find under Learn from how to's, blogs from our experts and podcasts.

With competing interests of all the members a job that seems simple to your average real estate investor (paint, roof, mechanicals, etc) can become very costly with "experts" (attorneys, engineers, etc).