With that, yeah $20 per mnth per door, it's a bit expensive but you are at a rather small size and positioning not for this size but growth, growing ain't cheap right. 

Rentals create cash flow, and that's what we want as real estate investors, but you need cash on hand for unforeseen circumstances.The AC needs to be replaced, that's $7K to $10K or more depending on the size of the house and if you have one rental, it will eat all your cash flow, same to replace a roof, etc, or if tenant trash the home, you need money to fix it again.To me personally a nice rental portfolio that is healthy consists about 10 units, so if you have an issue with a house the portfolio can cover the repairs and still healthy, but when starting you need to have cash on hand just in caseYes, there are multiple strategies you can use to hack your way to buy your first rental with minimum cash, but I would start wholesaling or fix and flip a few deals to create that cash as fast as possible

I have a bunch of friends who own houses in the Poconos of all different shapes and sizes, and no one is profitable anymore.There’s just too much  oversaturation of the Poconos market.

ThanksSandeep Hey Sandeep, Depending on your FICO, DSCR ratio, loan amount size, and property location, you could get a much more favorable rate at a similar LTV and term 

You can find more info on 1031 exchanges at this link: https://www.irs.gov/businesses/small-businesses-self-employed/like-kind-exchanges-under-irc-code-section-1031Regarding the change of ownership from joint to individual, there might be a couple of ways to handle that depending on your state laws and the terms of your divorce agreement.

If you have a decent sized lot, you may want to check and see if your municipality allows for building ADUs.

They also do smaller multi's.We recently bought 4 acres & are tossing around the idea of down sizing into a modular ranch.

@Michael Baum, depends on size.

Varies depending on the size of the rehab, how long it will take, etc, but those are my main rules of thumb.

They find and fix the deals and we sign the checks.The idea was amazing for people whose time is completely eaten up by our employers, looking for a way to create retirement with rental income.However, that is not at all what he did.In reality, he found the crappiest oldest homes ( more like death traps), that no other knowledgeable investor would touch, and upsold them to us for $20-50K more than they were worth, lied about the numbers, and charged us for repairs he never did.