I would also prioritize trying to replace your regular 9-5 job and then gradually increasing your income with more experience.

Here are two of the 52 creative financing tips I’ve accumulated over my 25 years buying real estate: (PM me for the complete set.)Seller Refi. for TakeoverI moved away from home when I was 16 years old, thanks to a lot of help from my father, Charles Parrish (a regular poster here on BP!)

We are lucky to have contractors we use regularly locally and get bumped up in the cue when we need work done because they know we are here for the long haul and will keep bringing them business. 

The rest waiting to fill our regular units in case we want to move these last ones. 

Hard to say exactly Leslie If you look below you will see it was smart shopping that helped. the faucets cost not much more than regular because I sought out clearance and odd lot dealers, goose neck faucet 129 water fall faucet 39 from amazonrainfall shower head 39 from amazonI spent 900 for both laundry center functionality wiring and plumbing and retrofitting the preexisting closet to function as a portal for the laundry center plus 400 a piece for each stack washer dryer from scratch and dent supply house.the most money over builder grade was the under cabinet lighting which was relatively cheap about 20.00and perhaps the fancier vanity lighting and living room and kitchen lighting purchased from odd lots 10 bucks a piece retail value 60-100 a piecelaminate over carpet was actually a bit of a savings.so overall maybe 1500 over normal renovating costs for both units.I purchased oops paint so I saved there.worked side by side with the contractor hands on in the dirtto save money and learn at the same time.and countless hours working on the design elements.on one unit I repurposed a track light and hung it as a vanity light it looked awesome and cost me $5.00I bought a round mirror from ikea for 14.00 so no extra money thereput a glass shelf underneath total cost for bathroom remodel not including vanity $ 27.00

Section 8 tenants aren't nearly as bad as regular market rate tenants in lower income areas.  

I keep a spreadsheet of who will lend to LLCs and here's who I'd recommend:Servis1st BankCB&TSunmarkColony BankHere's some more that I haven't gotten around to asking yet:Heritage Bank of the SouthAmerican PrideState Bank & TrustMidSouth Federal CUBB&TAnother option is to put the building in your personal name and get a conventional loan....but then you are opening yourself up to all kinds of personal liability (times 10 since there are 10 units).You could also start asking about a regular business loan.  

., they give me $50,000, I pay them back at ~7% apr, like a regular loan.

When we built our house, we used regular sheet rock in the bathrooms.

Pay down balances regularly to keep your utilization rate low.12.