Really successful investors are not one trick ponies and need to adjust to the market conditions.

A lot of people have mentioned the tricks of putting the property in an LLC or not but I don't know if anyone has gotten to the gist of the question about the LLC getting a loan.In theory an LLC can get a loan but it will take many years of building credit and probably doing multiple loans with the same lender before you even have a chance.

Writing a letter to the underwriter usually does the trick.

@Raymond Lewis It's not as hard as it is in Massachusetts, by all accounts.In my experience it usually takes a couple of months, though it really depends on how quickly you act on the unpaid rent, e.g. sending out the 5-day demand letter on the 17th of the same month the rent is unpaid.It can be delayed if they are "professional tenants" who really know the tricks of gaming the system (which can buy them an extra month or more depending on whether you use a good attorney or do something else like DIY and make any mistakes).And sometimes you just get a bad judge and s/he gives the tenants extra time just because.Also I'm assuming this is for unpaid rent.

I'm wondering what tools or tricks you all employ to keep track of how much is in your "Repairs/maintenance" fund vs your "Vacancy" fund or "Cap Ex" fund.

As time goes by, you get better at it and learn tips and tricks to help make it better for everyone involved.

I also think the trick is you have to bring your carry-out lender into the situation at the purchase of the home so they can advise on what they have available in your situation. 

Just a little forum trick that makes communication more effective.As @Ian Ippolito said, there are options out there for non-accredited individuals, just have to put in time looking and performing due diligence.

The trick is to reach the win-win situation where both sides are happy given the circumstances.

The banks are Fully aware of this attempted trick and can and will call the loans due if they want to.And BTW, no one is “selling a batch a mtgs to you”.....the borrower can’t sell/assign the mtgs, only title to the properties.Also, seller financing to any owner occupants has it’s own set of rules, traps and penalties.