Well based on that logic, home inspections cost money too and I could save towards my next down payment by skipping those. 

OP skip the rental units.  

Start marketing and skip tracing the owners that live the farthest away because that is your best pitch since they are paying to manage.

There are several options for skip tracing to find phone numbers and email addresses.

I would skip all of the agents and go direct.

Skip Elmira.

I guess it has to be fully paid back within 5 years from the distribution so you basically skip the first payment.)I vote that @Dave Meyer does a quick upgrade to the rental property calculator to include scenarios with simultaneous loans!

Check county recordsUse online search tools like PropStream, Reonomy, PropertyShark, etc.Use local GIS mapping tools (ask your county)Search online directories for LLC or TrustTalk to neighborsHire a skip tracerSend a letter to the propertyThere are a lot of options.

The larger wholesalers use VA to skip trace and cold call saving them all of the work but you need capital for that.I recommend going to some events here in the DFW area.

Tenants ended up demanding concessions or just plain skipped out of their lease and disappeared.Also, unbeknownst to us, the former owner tried poaching all of the month to month tenants to their building across the street.