@Jaycee Greene I wouldn't have the funds for the down payment. 

. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio. 

A landlord who is not over-leveraged to begin with may simply refinance their loan even when prices go down just to re-amortize the loan and lower the payment to preserve cash-flow.

In theory, since we don't have a prepayment penalty, you could borrow the money, complete the rehab and pay off your loan before your first payment was due.

@Steven HsuBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Well, it doesn't affect their name so they are more than happy to take the money and run.Speaking of "sales channels" and 3rd party listing platforms, etc...I've spoken to quite a few over the years and pleaded with them to keep it tight.As in, only endorse and sell in 2-3 markets max.As soon as you start getting greedy and expanding further you won't be able to tame the monster.We have done 500+ deals in Toledo and still get screwed by contractors to this day.It's hard enough keeping everyone in check locally and I wouldn't want to imagine trying to manage multiple markets.Even just selling in multiple markets without doing the full scope turnkey work is still a "no go" for us...It's just too risky from a reputation standpoint putting your name behind another product in another market.I have seen some decent sales channels, with decent ideas getting gobbled up by the monster because they didn't want to stick to just a few select markets.Just my 0.02 Aussie cents guys and I hope it helps you.Much success

Appreciation of an asset with low down payment, tenants paying principle down, tax advantages, all reasons why real estate is an investment of DOING.   

Wealth-drivers are appreciation, debt pay-down (ie. principal payments) and tax shielding.

Are some banks better for mortgages than others (in terms of down payment, interest rate, length of mortgage etc.)?

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.