Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

We have over $20k in high interest credit card debt and the payments are keeping us cash strapped every month. 

@Gin Andrew I’m going to sell my SFH that’s got high appreciation because I’ve got a big project I want to get into and a HELOC or Refi won’t give me enough money and would strap my DTI ratio if I needed to borrow more because I’ve got a low paying job.

Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

@Shaun NestorThe FHA 203k loan is a great option for the cash strapped owner occupant borrower who only needs 3.5% down payment, but there are some limitations to it.

You won't be able to monitor anything, so nobody will bother you for information.They are capable of being strapped to something with anti-theft straps or in secure boxes, but you still run the risk of someone stealing it, not replacing batteries, or other issues.The best solution is to hand it to a PM or sell and move your money to a safer market.

IF you want to get into this type of thing, one of the best sources of info is from Mark Kohler and Mat Sorensen of KKOS Lawyers/Accountants.

You have to remove the old carpet, the old mat, get the floor completely clear and flat, remove the trim in the house, lay a new mat down(in most cases), put the laminate in, then reinstall the trim.

If we rent, we would be cash flowing little 200+ but now strapped for cash to buy more properties. 

If renters are strapped for cash they will not want to spend the money to move.