.$8,981 mortgage at 7%$2,918 expenses monthly 33.38% of Gross rental income (Prop mgt, maintenance reserve, utilities, Prop Taxes, Insurance, other)$6,852 NOI/monthly ($2,129) negative monthly cash flow..Same scenario with 50% down, $864 positive monthly cash flowNot saying it's the best use of capital or the only way to do it, instead providing an example using an available market opportunity to share what the numbers look like. 

To structure a partnership, consider forming an LLC where you handle property management, renovations, and operations, while the investor provides the down payment.

Assuming all of the information you provided is in line.i.e.

Consider duplexes or triplexes that can help offset your mortgage and provide steady income while you figure things out.

It could EASILY be outlawed the next day with no grandfathering.

Yes, I believe you are entitled to the EMD back as the seller didn't provide you with marketable title.4.

If you are hiring a legal licensed contractor , he will provide you with a contract . 

This is all a safety net for landlords to not have any liability from a tenant if they are providing false information.

The Amount of information he provides for FREE is literally priceless!

It currently has a renewed leased tenant for a year @$1400 a month (the owner of the property rented it out to workers at an under-market rate but could easily get $1500-1700).