I read newspapers (Digital) in the markets I am interested in.

You can put a little as 5% down payment for conventional or 3.5% for FHA.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

The monthly payment all in jumps from $1346 to $2400 (making the cashflow disappear). 

@Sam Rogers A Deferred Sales Trust (DST) allows you to defer capital gains taxes by transferring sale proceeds to a trust in exchange for installment payments, offering tax deferral and reinvestment flexibility beyond 1031 exchanges.

It has been about 15 days since I sent the first bills and I have not received either payment yet.

The concern with out of state investing is your money goes to down payment and property management.

Property to purchase would be a STR at $240,000 - so we would need the 20% down payment and we are looking at different options as the source of the funds.

Quote from @Miki Jovanovikj: Hello BP community, does anyone have a good referral for a foreclosure attorney in state of Florida due to a buyer defaulting on the payments.

Profile here for reference: https://www.biggerpockets.com/users/amyb289It stood out as oddly out of place to me to the point where I recalled it and was able to dig it up tonight.Anyway, again...

With such low rental yields, the return on investment (ROI) and cash-on-cash (CoC) return are negative when factoring in mortgage payments only, not including any other factors.In this market, it seems almost impossible to make a profit using traditional rental property investing strategies.