Meanwhile, gross rents of $1,800+ for 3-bedroom single-families is an achievable figure, so it’s possible to generate cash flow if you lever modestly.There’s a bunch of other stuff that’s worth highlighting—the economy, demographics, neighborhoods, new construction, and more.

@Anade Davis Agency: either FNMA, FHLMC, FHA, or VA.Look for land contracts, where seller provides financing.

Quote from @Guillermo Perez: Does anyone have experience with seller finance?

How did you finance this deal?

Are you open to speaking via phone or zoom possibly.

Broker - off market How did you finance this deal?

Although it is possible to do everything 100% remote, most people I know who are self managing do come on site for a few days or weeks to meet and sort of interview the team they are building.You will need trusted cleaners, handymen, and also good recs for trades i.e. roof, plumbing, HVAC, etc.If you need home setup in most markets there are designers who will handle the whole set up for you, and I would want to interview them as well.  

I do get nervous with finances and want to be financially responsible.

How did you finance this deal?

Putting less down may subsequently put you in a break-even scenario or possibly even a negative cash flow.