By the end, you could have 10 doors — all while living rent-free.

Floor is going in, paint is mostly done, then trim and doors.

For me, I'd rather have fewer doors owned outright that allow me to achieve my personal financial goals than having a large number of doors fully leveraged with less cash flow per door.

Your insurance is going to be highly variable and I wouldn't use what an agent or the seller tells you as the cost of dwelling policies have increased substantially over the past few years due to rising new construction costs. 

thanksBill In theory there shouldn't be any entry points in the house for mice to get in, ie you could live next door to a mouse breeding farm and there shouldn't be any inside your house.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Terms will most likely not be as good as a DSCR loan but if you needed a quick turnaround to get money in the door for 3-6 months you could go hard money. 

Why who opens doors should be regulated is dubious, but it is in most states.

While $300K may not yield high returns in your market AND presumably limit you to smaller deals with less doors/units, the same amount could align you with a group of investors purchasing dozens of units elsewhere.

Attending meetups and collaborating with those who use strategies like BRRRR can also open doors for networking and learning.Good luck!