Now some HML will have a fund set up.. but that will not give you the same experience as funding the deal yourself as you would just invest in their fund and be in multiple deals.

I have talked to multiple lenders who will do a commercial loan with a 15-20 year life, no balloon.

I say that because in our market, seller's are currently seeing multiple offers on nicely remodeled homes which is making it hard on buyers.  

So then how do people qualify for a bank loan for multiple properties on a W2?

Where they have multiple projects (houses) they buy to rent or buy to fix and flip.

For one, the house has been listed for a while, with multiple agents, for over $100k.

You have multiple options to access number of projectsFor more detail about real estate crowdfunding, go through the following links ;-http://www.investopedia.com/articles/investing/072514/real-estate-and-crowdfunding-new-path-investors.asphttp://crowdfunding.about.com/od/How-to-crowdfund/fl/What-is-Real-Estate-Crowdfunding-A-Guide-for-Investors.htmhttp://crowdfund.co/real-estate/http://www.fundraisingscript.com/blog/2015/08/03/g...Hope it will be helpful for you.

I agree that education is key before purchasing the first rental.If conventional financing is not an option for your first property, you could try a strategy that  I have been testing out in my neighborhood.

Have a certified industrial hygienist come in and remove it and provide a certified letter it is mold free (they will do testing) - get the cost of remediation from them and negotiate a lower price because of it

Most investors are not agents and some of them write multiple offers every day.David J Dachtera"Success is not a destination.