I know this can vary, but any ballpark figures or advice on funding options would be helpful.

Cash flowing at 5% down was possible about 3 years ago—but that ship may have since sailed.Now, you’re left with two options: you can either pony up more cash per deal, or you can potentially look out of state for markets with more favorable rent-to-price ratios.Or…you can wait for rates to decline, but I don’t know how much a 100 or 150 basis point rate cut in the next year will really move the needle.That said, some firms (usually new construction companies, turnkey providers, etc.) will enter into forward commitments with lenders at institutional rates and then pass cost interest rate savings onto end buyers to entice them to purchase a property.

@Michael Anderson you have two options:1) Create an Assignment of Lease from you to LLC2) Have tenant sign new Lease with LLC.Really only an issue if eviction or some other court issue.

Related to that is the question of lender appraisal, even at a reasonable cap rate it will probably take a portfolio loan.You can try a lease with option to purchase.

Quote from @Mia Baltazar: I looked into several companies before and found FILAM as one of the options. 

I'll explore my local credit unions to see what options do I have with them 

I am entertaining this, as a passive option, just wondering what other people's experiences (and returns?)

I am not trying to be negative or a Karen, but being real so you can analyze all your options on what course of action you should take for your business and what risk level you are comfortable with.

Start building your down payment fund and check different financing options.

As you begin, remember to take your time researching and exploring different options.