I don’t have any issues with it, he’s only an email or phone call away, at any given time and they’re very reasonably priced for the service and advice that I get.

You won't find a deal where you live for free, but if you can live in a great neighborhood at a reduced cost of living that is a nearly risk free way to get started in real estate. 

Do you have a total price range you're looking for, or maybe a cost/door?

I've made offers before of "hey, I cant pay you $260k for this property - the most I can pay is $210k given XXX reasons.

How much is the rehab going to cost, what's the ARV going to be, and how much will the property rent for?

Let's say at 6% over 30Yrs will be about $960 per month(Principle/Interest) with the remaining  interest only portion $40K costing roughly $200 per month. $1500- $960 + $200 IS $340Cash in your pocket after everything roughly $1500-$1160-$340 which is not bad for a 100% financed deal(INFINITE RETURNS)Now, If you ran this analysis on a 1% deal as @Nicholas L. mentioned you will undoubtably end up in the red each month.All the best!!!

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.

If you pay down $100K in loan saving you $1K in monthly costs against rental income, or you invest that $100K in something that generates $1K in net income the result is similar.

Given the latter costs, a corporation can be the best solution only if you buy multiple properties.

that's the reason we do what we do is to look out for our buyers.