I also have personal W2 income, if that matters.Is there a loan out there for a set-up like this at 15% down? 

I would like to know more about your setup because this doesn't sound good.2.

You'll also want to set up criteria for residents.

Quote from @Beth Johnson: @Marina Wong No. we just charge the servicing set-up fee at close.

However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out. 

They don't have to be complicated or expensive to set up but can help limit your exposure and shield other assets in the event someone wants to come after that.

It wouldn't hurt to set up time to meet with agents, property managers, lenders, and others while you’re visiting your markets of interst.

I've also seen the extra space used to make a toy train set up for HO gage trains.  

My thought is to take a compiled list of property addresses saved in Excel and then run data scrape from Zillow and Redfin on each of those addresses, pulling the property details back into excel and into the appropriate table I have set up. 

We now are looking to create an LLC and setup the necessary legal documents to protect both parties and layout the terms of the agreement.