Looking for first rental property - best financing process

[Timothy J.]

Hi,

I have completed one flip and am now looking to purchase a rental property in the Lancaster, PA area. This would be an out-of-state property. 

I am prepared to make a 20% down payment but am a little bit confused about the process for pre-approval since I would like to attach the property to an LLC instead of to my own personal name. Funds are readily available for this.

Is there an easy boilerplate way of doing this that 'just works'. E.g. 1) Form LLC 2) Find credit union that lends to investors 3) Supply proof of funds, etc. 4) Receive pre-approval?

Would love to hear from others who have more experience in this than myself!

Tim