@Bryce JamisonI think it all depends on where you live.

The sub 550 credit score people come out of the woodwork to apply for this home. 

Make sense with our need for inventory nationally, but this is also very market dependent.     

Depending on the amount owed I might pay it off after I’m under contract to do a property inspection and ask for the money back at closing.

CT is 1-2 hour drive from my location depending on the town and is manageable for one project.

@Kevin Hintz It's property dependent, obviously, but last year, I sold one a street back from the beach that they're cash flowing.

But I’m sure that depending on the area that experience will vary.

I require a high credit score 680+ and two prior landlord references.

or just explain as in a demand.it this 40k gross or Net.average rentals these days produce either negative cash flow or 100 to 200 to 500 a month positive depends on how much you put down. if you pay cash much higher.but lets do average 200 month positive and lets say you meant to ask NET cash flow to live on. then you need to take 40k divide by 200.00 and there you go you need 200 doors .

It's going to be pretty dependent on the house to think about what you can expect.