I will be contacting my agent soon, but I wanted to toss this question to the forums to help me cover bases I might not think about.  

You might be covered if its the second one. 

If you want a Ring, get a Ring.There are a TON of options for cameras out there to cover the door.Ya pays yer money and ya takes yer chances.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I have some funds of my own, but not enough to cover the steep down payment. 

For simplicity, I did not include closing costs or loan points in the purchase price numbers, but did include a fee of 10% of the sale price to cover closing costs, commissions, and minor repairs.ModelsBelow are two tables showing the IRR for the traditional rental, using a 20% down payment, and the BRRRR models using a 75% LTV loan.

Lenders don't like borrowers without reserves.Is it risky if the property cashflows well at 100% financing, in an appreciating area, and you have plenty of cash in the bank to cover any problems? 

If you can do the deal yourself safely, with reserves to cover unexpected issues, it is a lot cleaner.

Something else I found with BRRRRs in my market right now is that even if my equity may be enough to cash-out everything I put into the deal, the rent I could get would not cover that high of a mortgage.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.