Yes, there are many out there that do it and nothing bad has ever happened, and I say kudos to that, I just would never do that.

Quote from @John Warren: @Mordechai Chaimovitz cap rates and NOI are commercial real estate terms, and 1-4 units are not really valued in the same way.

Another option would be working with private lenders to see if they're open to your idea should you need additional funding. 

They fund their government thru Tariffs.  

@Jacob Hrip For a first-time investor, financing options like a HELOC or private funding depend on your strategy and risk tolerance.

If you could do it differently, owner occupied is easiest to get a HELOC on and has the lowest interest rates.  

When you start, the company may give you a small existing portfolio, but then you'll have to maintain & grow it to make a decent living.You could also work as a leasing agent at an apartment complex.

If they call and then hit something incorrectly marked then there is some relief from that liability.

.: @Don Konipol Hi Don, At the point where I am in my business, I am thinking (a lot) about improving and growing my business and profits.

Bronson Hill created at fund of funds and invested through Dave Zook at the RealAsset Investor.