Let's say in year one, all interest expense and no principal paydown. 

Quote from @Treza Edwards: No-my tenants pay that 100%You said your tenant's pay utilities 100%, BUT are any utilities provided by the municipality?

If you are not finding good deals money wont find you.If you earn a decent wage and are credit worthy you can start investing by house hacking a multi family with a low down payment mortgage.If you have no money or credit your best best is start finding deals and bringing them to other investors who have money.

Hi @Damon Diddit I would avoid Newark at all costs. 

Quote from @Bruce Woodruff: @Brandon BlackmonI agree with Bruce, there is no PPSF model..

They may cost more upfront, and require more work, but you'll see higher returns long term.

2️⃣ No Phone Call or Verification – If they refuse to hop on a call, is that an automatic red flag?

Where is the property located.assuming the seller added the ADU and did not disclose the ADU in disclosure forms, you may have recourse (depending on the rules of your jurisdiction) but it may cost you some legal fees. 

My wife also works and we have no debt. 

Most PM's in Columbus will charge you 7-10% of gross rent as PM fee's + maintenance costs.