Be cautious of any promises that seem too good to be true, especially around funding or guarantees of success.

It sounds like you’re taking all the right steps to set yourself up for success.

I'm coming from having some success with residential real estate.

Not performing the first couple of weeks..

Determine the attributes of experience, knowledge, and capital needed to be successful, and evaluate how you stack up 4.

AND have provided the 150 hrs of material participation and not have had any other person perform longer work hours than you.

Maybe if you can prove that you are actively trying to gain compliance, that will get you the much needed time to gather $, time to pull the permit and ppl to perform the work bc they will have a bit of mercy on you bc you are trying to do the right thing. 

@Mike Sferayou got some great responses to this including from @Kevin Sobilo and @Bill B.there is no right answer to this question.right now, i am looking to minimize outlays on rental properties, and am having success with seller financing. 

@Guenevere F. you're going to need 20-25% down to get a mortgage.If you target $100k, that won't leave you any funds for closing cost, maintenance or emergency reserves.You could try targeting around $80k, but the $16k-$20k down payment would still not leave you with enough.If you buy under $80k, you're probably buying such a low-end property that it is unlikely to meet your performance expectations.

I think this is the single most important part of the decision in order to set you up for success in passive rental property investing.