The other thing that you can do is find a HML who will allow the seller to cover the down payment then seller finance the downpayment.

Of course capex does come into play, but I have a lot of factors on my side including most major components of the property have been replaced already, including roof replaced 2 years ago, water heater replaced 3 years ago, full house was just repiped, septic system is 5 years old, HVAC system replaced in last 7 years, i do not cover appliances with warranty in my rentals, and the tenant I placed in the property is a single dude who works 60 hours a week and just needs a place to sleep.

Normally, my team handles cold calling and texting, but recently, we started using an AI-powered texting solution from a startup called Adforce, and the results have exceeded our expectations.In just the first month, we closed two deals that gave us a positive return on investment, effectively covering the cost of the service for the entire year.

Set small goals and leverage rent to cover costs.

One is about 20 ft tall (11 ft above a 9 ft roof) and several feet from the main power line. 

You VA allotment can cover more than one property so not all of them have to be owner-occupied.Thanks for your post John.

& different parts of the asset can be depreciated on different schedules.To find out the useful lifespan of each component, you do a cost segregation study to analyze all of the parts.The raw land can't be depreciated so you start by giving that a value first.But other items can be depreciated on a quicker timeline.A roof, road, sidewalk, fencing, walls, gates, doors, latches, flooring, air conditioners, pavers, curbing, landscaping, etc.The IRS has a depreciation schedule for each type.Some parts are 5 yrs.

The example scenario would be if I bought a $1M property, the bank is in first position and covers 800k of the property cost, the seller agrees to cover cost of down payment and covers 200k of the property cost.Let's say we can no longer make payments on the property and it's foreclosed on.

Also do you have savings on the side to cover lender payment for atleast 6-12 months if you are unable to rent this thing . 

Rent by the room gives you the opportunity to get more renters to cover the mortgage, making it easier to stabilize the asset.