That is a major source of casualty losses.

But there are people who do because they either had some wealth handed down or have other sources of income and REI was less of a business and more of a hobby.

It's advisable to conduct thorough due diligence by visiting the area, speaking with local experts, and evaluating economic indicators to confirm the high demand and growth potential.I can provide you with more information on rates if you message me directly, or connect you with any one of these information sources.

Without that, you have to be able to not only pay your own expenses, but also your first rental plus your second rental mortgage (at least on paper) with your other sources of income (ie money from your W2 job).  

Again, it is right here from THE source:  https://capitalmarkets.fanniemae.com/mortgage-backed-securit...At least 5 folks who are in the business have brought it up, but you have dismissed it.

I also joined a local facebook group where I was able to source things like lawn mowing. 

@Dock Newell JrTrust your property source in Memphis.

Credit history and sourcing funds for down payment / closing will be a factor in the pricing of the loan. 

This is because appreciation is the process source.  

Change orders are profit sources for contractors.