So as long as your insurance, property taxes, property management, utilities maintenance, repairs, vacancy, and capex come to $4/mo or less you’ll be fine.

If you buy a property for $80K - you will need to put atleast 10% down towards the purchase price ($8K) PLUS closing costs such as lenders fees, title fees, and insurance and tax costs.

@Charlie Martin Buying under an LLC offers liability protection and separates business finances, but it can complicate financing with higher rates and stricter terms, and lenders may still require a personal guarantee, impacting your DTI.For your first property, consider purchasing in your personal name for better loan terms and transferring it to an LLC later if needed, while using strong umbrella insurance to mitigate risk.

Some things to be aware of are fire insurance and how it affects your buying pool.

If it was your debt, its probably your's to pay off.Title insurance has two variants. 

There is way better money working for a homeowner . 

Investors and homeowners: Timing is everything.

That's one of the reasons tenants should have renters insurance because it covers things that may go wrong but where the landlord isn't responsible to compensate them. 

The property cash flows at a 15% ROI…………………..before insurance, debt service, utilities, management, vacancies, repairs, maintenance, payroll and property taxes7.

Realtors have companies and insurance to cover lawsuits.