You can find positive cash flow and the 1% rule here!

There are certainly options to cover mortgage and expenses but even those can be pretty far and few between.

the value added versus cost to add, especially in single family zoned areas, typically results in a large negative initial position.  

I have been told to stay away from lease options in Texas.

The more time you spend talking about other options and try to build up the negatives, the less time you are spending on what you fell are the positives of your own idea.If you believe that you are onto a great idea using L2P option contracts and forming partnerships where someone else provides 100% of the money while you provide 100% of the real estate-related functions, then start it up and make it work.  

Speak with a lender now to understand your options and start building a plan.

They have lots of options for you, depending on your budget.

@Robert StephensonYou’re in a great position!

Hi Jayce, we got the seller to carry back the portion of the down payment and the bank to finance the 1st position on the rest.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.