I can comfortably put 10% down with at least another 10% in reserves for any updates or furnishings.

Assuming current interest rates my debt service would be around $87k/year (30 year, 7%)  which I am comfortable with.

This will be essential for managing remotely.Property Management: If you are unable to handle the property in person, think about working with a reputable property management firm.Decision: The decision you make is based on your degree of comfort, your ability to take on risk, and your readiness to put in the time necessary to develop a network.

(ie: uber, lyft, virtual assistant via odesk  or fiverr) you  can start you own business right from the comfort of your home and become extremely successful.

Not sure I would be comfortable with that added scenario.

Mortgage interest rates will remain elevated for a longer time period and I am estimating we won’t be back to an attractive rate - below 6%, where folks storm back to the market and feel comfortable leaving their home w/ a low interest rate mortgage - until the 2nd or 3rd quarter 2025.

What have others done to feel comfortable signing this document.

Hey Patience, I would personally get a loan and buy as many properties as I comfortably could.

What I am currently doing: connecting with as many people as possible (lenders, agents, other investors, wholesalers, no contractors yet but it's on my list), continually looking for properties and getting comfortable analyzing them, educating myself on the numbers side of things, using the flip BP calculator, learning about the market I want to invest in, viewing a few properties with an agent to get the feel of that, I have not allowed my credit to be run or any pre-approvals. 

Something shorter and more clear cut helps their comfortability level and looks less like there may be something hidden they may overlook.