You can really do that?

Don't try to set it and forget it.

I do it myself and takes 20 to 30 minutes a month (did it yesterday for Dec), with about 7 of those minutes for 1 property in Blount County, TN which requires the form to be manually filled out, write a check, address an envelope, scan doc and check for my records and walk it to my mailbox.

Even if they do 85/15 your going to have to leave money in it.  

And what state and town is it located in?

pretty basic website with no indication of what they do.. but I like it that the principals are on there with a bio.. you should be able to do some background on them.its all about the team..

I would venture maybe $20k total, conservatively. 

Educate yourself with resources like The House Hacking Strategy and practice analyzing deals using tools like BiggerPockets calculators.

What do own, duplexes?

We’re considering whether to do mid-grade updates and rent it soon if we can find a good next property though acquisition and ongoing costs are a problem.