@Ashley WishinskiI would have to say the only thing holding me back is lending, I am only 24(still building good credit) I don't have a normal job, I train horses and give lessons so I am  self employed, not something traditional lenders are to crazy about I have found out.

The only issue is are they willing to deal with investors or are they only interested in the traditional transaction process.

After that's said and done, I don't see why you wouldn't be able to refinance it through a traditional lender.

I am thinking about using a portion of my Traditional IRA for a down payment on an investment property outside my state.

(Use the J Scott book on rehabbing to get the full scope of what jobs can entail.)Talk to various hard money and traditional lenders to know what kind of debt is available to you.Pick a very specific geographic zone (no bigger than one zip code) and intricately learn this area. 

Then I sold my biggest building to an out of state investor. was going to do 10% seller financing but bank wanted to put restrictions on how he could pay me so I sold him that building (11 unit) traditional and seller financed (100%) a 2 unit to get him more units under control for less money.

@Steven Stepter be advised that it will be hard for you to acquire a traditional residential mortgage for a single family or other residential property under an LLC.

Non traditional boutique hotel, vacation apartments, and B&B.

I have enough money save to put down 20% on a 2nd property in my area, but my credit score is too low right now to get approve for a traditional loan.

Generally an investor is paid back when you refinance to traditional financing.