@Diana Jing @Edward DawsonThank you for the feedback and discussion.Ed, I'm glad we were able to easily navigate your 1031 exchange and move you into some excellent cash flowing properties to increase your passive income! 

This is incredibly important work and in order to create the most impactful and transformational program possible, I am looking to interview people who fit this description and learn more about their challenges, frustrations, dreams and goals. 

Yeah, if I can’t see a way of making it profitable without someone else managing it then definitely doesn’t seem like a good fit. 

But to the excellent point above, for liability you should definitely go higher and it's usually not too much more expensive.

The value of the land is estimated to be about 35% of the total cost of the project, I have an excellent credit score, high income and very low DTI so qualifying for a loan would not be an issue, other than the fact that I am not a GC.

Then determine which areas fit cost:rent using your accepted finance model Then run an algorithm on those areas to determine viability.  

If you are tracking depreciation for purposes of repairs and maintenance (like anticipated timing of a new roof for example), you could probably get away with using excel and then just manually booking a journal entry.

I need to save up some cash quick   If you are finding properties that fit your model, but are short on capital, consider offering opportunities for investment to people in your network who have capital that isn't earning anything.

It would have to be dscr or something similar rather than conventional.Rob, I am familiar with a group that might be a good fit, but you would have to purchase a few at once to make it work, as they have a minimum loan amount of 75k on a small portfolio, but single properties at ~$55k would be tough, even for DSCR.

There are a lot of floorplans out there, so you should be able to find what fits your demographic/business plan.