As an example, the deal you outline is the kind I've been told to look for, so I think you'll have no problem getting funded with a Private Money Lender.

With the considerations I have outlined above for missing and low expenses, I think you will be cash flowing negative for many years before this property finally starts to support itself.

Clean and disinfectBelow is a link to the CDC (Centers for Disease Control and Prevention) which describes the outlined topics in more detail.https://www.cdc.gov/coronavirus/2019-ncov/prepare/prevention.html We hope you are safe and enjoying time with your family.

Please note that this moratorium only applies to HUD subsidized housing.We recommend landlords and property owners take the following action: - Do not forgive any rent that is due unless you are prepared to forgive everyone's rent (which we do not recommend); - If you are going to offer hardship relief, compose written criteria outlining requirements for the relief and then apply that criteria to all applicants equally regardless of the tenants race, color, religion, national origin, age, sex, pregnancy, citizenship, familial status, and/or disability status; - Require your tenants to communicate with you in writing and keep copies of these writings in your tenant files; and - Continue to follow your normal processes and procedures, especially regarding evictions.

Outline who you are, why you are interested in their property, and maybe add a little personal comment beyond "I am looking to grow my portfolio".  

I don't believe you can sell a portion of your 1031 entity, which is essentially what you outline here. 

They make the rules and will outline them.

Details outlined at the link above!

The typical route has been outlined: SFR>4-8>10-20>50-100>100+, but I happen to work for someone that went from 4 SFR to 100+ unit project to 200+ projects and 23 in the portfolio now.  

I didn't stretch my finances and can buy and fund the property as outlined above.