With excitement in the air, they gather around the table to sign the final documents that will officially seal the deal.

I would add to everyone's point you want to find your strengths and what you bring to the the table and then surround yourself around other people who can help you with the gaps  You're going to need deals, contractors and capital.  

Or if you are experienced and you have relationship with lenders, your leverage can be extended so that you are required to bring less cash to the table. 

Why is it that they are comfortable being recognized as the owners with far more assets on the table and  then smaller property owners spend money and effort to conceal their identities? 

Leaving $25-75 a month on the table to avoid a $1,500 loss of occupancy and a $2,000 unit turn bill is a smart choice.Best of luck with your new tenant!

After that, schedule conversations with several lenders, coming to the table already knowing your price ceiling.

What is your water table depth?

@Bruce Woodruff had a dog house, I had a cat house...27 cats, the owner walked away to another house up the street, leaving dishes on the kitchen table and all furniture.

You'll likely see that some (surely not all) of the folks that are pretty full for Summer are giving their place away and leaving money on the table.

However, If the idea of selling your current home and making a move to Atlanta or Fayetteville, NC is on the table, have you considered the house hacking strategy?