Frank, For a rookie investor with low capital looking to build a rental portfolio, the best strategy is house hacking: buy a small multi-family home with a low down payment (FHA or conventional loan), live in one unit, and rent the others to cover your mortgage.

If I live a busy life and don't have the time or care to invest on my own, but want to put, lets say $200k to work, is a 15% cash flow return reasonable? 

Did you go the DSCR route for the refi or did you wait 12 months to do conventional?

. #3 - Have finances in order (i.e) is this going to be bought through conventional, cash, HML, etc.

I never was able to find a pad split rep that actually seemed to cared that much to discuss my property.

If you can care a hell of a lot more about your investors returns than the competition you will be fine.  

We love to take care of the students that live in our apartments the best we can with amenities!

-are you buying with conventional or DSCR financing? 

So, this type of auction usually offers similar protections in the process as a conventional sale. 4.

If you can qualify for conventional cash out refinancing, most lenders do not have a minimum loan amount requirement.