It covers your down payment and in most cases the closing costs depending on what state you live in or County.Focus on 2-4 unit multifamily homes first if possible because you can use 75% of the rents per month of each door/unit as income to qualify. 

Additionally, I have an LLC established and currently hold a business credit card with a limit of $15,000, as well as two personal cards for $4,000 and 3500.I have before and after pictures of my fix and flip, if needed.Any advice or insights on potential funding sources or strategies would be greatly appreciated!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

I haven't turned over our estimates as I told our realtor that the estimates won't cover the real cost to us, which is higher due to loss of use (no rental income while work is being done) and time that we'll have to invest in hiring and coordinating the work. 

When she started to remodel, she realized the electricity needed to be updated and the current landlord didn't have the funds to cover.

I guess my questions is: could I purchase one policy that would cover the tenants in multiple units?

In retrospect, some yellow flags found by the property manager during the tenant screening are now bright red flashing sirens, but the tenant showed decent credit, had a positive previous landlord reference, wrote a charming cover letter in his application, and applied through the referral of a reputable real estate agent.

Try to see the big picture when getting started - maybe seeking private / hard money to get in to the deals where there is more profit potential could benefit you.

Being at a slight operating profit or break even is completely fine with my though as I'm not looking at this as some get rich scheme, it's a long-term investment.Based on this, I'm looking now more into getting a more utilitarian STR targeted at business travelers where the goal is similar to my LTR's, getting long-term appreciation and mortgage pay down and making enough cash flow simply to cover repairs. 

For 18 months, my company will have me rotating between Houston, TX; Midland, TX; Oklahoma City, OK; and Pittsburgh, PA, covering both my housing and car expenses.Goals & Investment Strategy:My goal is to save aggressively over this period to build a strong financial foundation for real estate investing.