Got tired of paying for other people's rentals or making a day trip to the area because we were too cheap to pay someone else.

6) Finding a lease that complies with all federal, state and local requirements--Do not be cheap-- get one from a lawyer in your state. 

Renter's Insurance is a cheap date for the tenant; it protects their security deposit and assets. 

Stay on Bigger Pockets, listen and read and you'll get some education on the cheap. 

That is tight leverage for an investment 2nd position loan.A private investor might be willing to do it, it's not going to be cheap at all & will be short-term money & will not be a line of credit to take out at your liking.What is your rate on the 1st?

So the best solution is to buy a house needing extensive renovation for cheap and use that discount to change the layout when you bring it up to living standards. 

Need a little more information to throw out a few ideas. 

Property manager and assistant property manager (as your direct contact)cheap, fast, and good - typically you can only pick two

It's cheap and easy.

Toxic paint et al.Would you want your family living in house remodeled with cheap Chinese s**t?