This isn't true. there are lenders that do 80% cash out refinances - DSCR isn't the only loan type you can close in an LLC to get 80% cash out...and there are many lenders where investors can get 0% origination fees --- keyword here is "lenders", not brokers.

If this were true, then tell me, what exactly are the characteristics to be motivated?

True re the prior poster, re this helping the seller save their credit, if you buy sub-to you will dramatically raise their FICO since the mortgage will show on-time payments.  

Imagine investing in all new, beautiful finishes, only to discover that the drain pipes are faulty and need to be replaced—an issue that could have been identified and addressed beforehand." very true, sometimes it's like rolling a dice. 

If the deal sounds too good to be true, it probably is.

They tell you tha you  will get personal coaching with the best coaches, not true, mediocre at best and you only see them in Zoom calls.

Nothing worth it is every easy when you start out....if it seems too good to be true, it probably is. 

Virtually everyone lives somewhere especially true for those that pay taxes (in CA property and income tax).  

Yes, I have been very happy with the team at True Home Ohio.

Highly recommend starting close to you so you can get eyes on the property if you do decide to purchase a true rental.