Average rents are $1,250 (Again Zillow) Easily a losing propostion.

Chris answer is spot on.I'll add "quick closing".You won't find investors easily, you have to go to a lot of meetups to build them.

Also once you get the workflow established, when you move out and need a property manager, you can hire anyone and plug them into your workflow easily. 

Are you able to use it easily, only with a HELOC.If you lose your tax deductions, then Uncle Sam is happy to take more of your money each year.Good Investing...

And not to mention no stock matches the dividend rate one can get in real estate with such low risk/volatility. 20yrs ownership, oh-yeah, cash-flow on renting it would be HUGE now so it's easily comparable to a 20%+ monthly dividend, if not more.

This is something we run into quite often and can easily navigate.

Quote from @Andrea Russin: A blanket loan would be a good way to spread the equity however it would limit your ability to easily exit one property without restructuring your loan.

With $150K, I could easily put together a portfolio of 6 rent properties from deals I see every week, including last week.Just get started.

And that can easily be a pass-through charge to the guest.

We do not accept zelle because of how easily it can mess up an eviction in Chicago.