But I may very well end up monetizing a house that is 2 weeks from foreclosure, and $10k upside down.

I stumbled upon a strategy that would work for your situation -- a more simplified version of a monetized installment sale.

We will manage the property ourselves.Came out at $783/mo net cash flow with a 12.2% CoC.Purchase Cap Rate: 7.84%Pro Forma Cap Rate: 7.68%Is there any other facts/figures you'd like to know to give an informed opinion?

Hi @Kevin Leslie,Smart move, monetizing your overhead at first as a Real Estate Professional.

This leads to people entering investment arenas that require greater knowledge and skill sets to acquire and successfully monetize. 

What you'll want to do is find a target area(s) that you can buy these properties in and that, once you do, will hit your income target ($250/mo net income per door).

Any other thoughts or ideas on how to best monetize this?

If you have access to a great deal flow and are being held back by capital, then I would say you can grow that extra $15k at a quicker pace than the $150-80 = $70/mo net opportunity cost cash flow.You can objectively calculate this with opportunity cost calculations, rate of returns you're seeing, and inflation numbers.

Some education, and/or mentorship can give you more ways to monetize each lead.

You should consider accepting them and then find a way to screen them to reduce your risk and monetize them to increase your income.I require all animals be screened through petscreening.com which includes copies of vet records, picture of the animal, and more.