Quote from @Axel Scaggs: Hi everyone, I’ve really enjoyed all the info I’ve found on this site!

those I think the basic of my questions.Thank you for responding and helping to understand more. 

I like it because I only need $5K for each deal (although I can put in more).

This seems to be breaking down new construction and is a national average so kind of hard to read into this what it means in general but I would not expect a 665k new construction house to be my target for a rental property. 

@Stuart Udis has hit the nail on the head.  

@Jerry Velezif a property is owned outright with no mortgages, debts or liens on it, then it can (potentially) be purchased on seller financing. 

I'd love to share and compare ideas, and possibly improve on my calculations.Looking forward to your feedback! 

@Shayan SameerOK - seemed like you were, can you provide more info? 

I did a cash out refi on my principal residence at a much lower rate and paid it off.Now I plan on using the equity for more purchases.What? 

this is helpful.