So they price those homes at what a willing homeowner will pay for their personal residence.

Used funds to pay other debt off plus out cash in the side.  

Or you could pay cash now and refi later.

Going to try out PayRange, the Shine Pay is slightly more expensive and the one quote about the 20 units appears to be from shinepay as it is the only qoute they ever made... not sure which is better but both look like good options

BAM is consistently paying out monthly with Class A shares but class B shares stopped paying out almost immediately with the interest rate hikes.

Japanese mind set :)WE just make our money pay our tax's and try to stack cash so we can provide it others and rent the money for a fee :)

The tried and true version is pulling a list of properties whether you're targeting distressed homes or high equity homes in which case you can pull on something like Propstream or Propwire, you can skip trace through them or someone like Prime Tracers which has a pay as you go system. 

Is it like you sold your house and don’t have to pay for the profit?

Using money from an appreciating asset just to pay your landlord doesn't seem like a good flow of money.

I decided to buy the property from my grandfather using a gift of equity, which allowed me to take over ownership without having to come up with the full down payment and pay for the tax lien and his closing costs.