This means that someone who makes $43,000/year would now eligible to buy this room condo, and have access to a vehicle through which to build equity in an asset as an alternative to paying rent. 

Think of vehicles like the cyber truck where you need to sign up ahead of time to pre-order and so many people want it that the value increases shortly after they are released.

As an individual investor it’s nearly impossible to wear all three hats and execute efficiently and effectively, especially on a large scale.

Next to impossible without a property management company or a ton of experience in rehabs.

Also the opportunity cost of not deploying your capital in an investment vehicle yielding more than 7% is high. 

Competition remains strong but it doesn't mean your goal is impossible to reach.

That 2nd requirement is  what makes it close to basically impossible with a W2 job.

As your expenses come through, you pay them out of HELOC (ex: Vehicle payment on the 15th - 15 days of interest saved.

I had several tenants complain that they are impossible to keep clean.

When the police catch up to him your cousin is going to say that you told him he could have it for a WEEK not a weekEND and the police won't charge him because you gave him the car to begin with and its difficult or impossible to know what you may have discussed as the terms.