The first thing you need to do is talk to your attorney and find out exactly what you will be achieving by forming an LLC,,depending on the situation it may not accomplish nearly what you think it will as far as asset protection

So yes I think one can find it and can achieve those numbers. 

You will probably find yourself achieving your goals much earlier than you you ever thought possible if you stay focused and Dream BIG.  

I know this is not ideal, but have decided for now, I am OK with the solution.One unit is complaining about the smell of exhaust.  

., two years in the U.S. or 2 filed tax returns (which in some instances could take someone nearly 3 years to achieve). 

Below is what a lender explained to me when I posed your question to him.They will need 15% or 25% of their own funds if they do not occupy one of the units.With Fannie Mae the maximum loans are:2 unit = 85%3-4 unit = 75%So investors need 15% or 25% down respectively.Now if they are primary residences, FHA may make the most sense, but you won’t necessarily be able to do more than 1 FHA loan.FHA max LTV’s are:2 unit – 96.5% financing3-4 unit is also 96.5% but some additional requirements exist.I would recommend talking to local banks as well.

Make sure the property is actually zoned for multi-family and not the product of a past owner turning a single family unit into a multi-family unit. Is

Welcome, @Chris Doloughty let us know how we can help you achieve your REI goals.

Might be tricky as they have gotten used to laundry in their unit but it isn't set up legally (1 unit is currently vacant as I'm currently doing repairs and will put laundry hook ups in the basement in the lease - the other 2 units are on month to month leases).

Post your ads and ask the tenant if you can show (actually decide if unit is in condition to show...post a 24-notice to inspect) and if so start trying to rent the unit right away.