These folks also tend to have all of their income and expenses going through a separate bank account so they just need to look in that one account to get everything organized.Self Managed, High Volume, Not Organized at all - this is the type of people that stress out over tax season. 

Yes there are some crazy places that bring the hits but most are not Polly Pockets houses or live in potatoes.

The Cleveland market would allow you to hit those numbers easily.

Just make sure you take your policy to the brokers so they can do a direct comparison.Maybe hit up your primary home insurer to see if they offer a STR policy.

I just dont understand how people are buying at such low caps ?

From a birds eye view and in a perfect world people would buy a property and their tenants would pay for it.

But I guess to answer your question, I find people who are going to foreclosure.

A personal loan is possible, the problem is banks will see this and it will hit your DTI.

Third-party referrals work since few people do any due diligence. 

NC is a great market for your goals, however it will be challenging to find inventory that has much cash flow; many people who toss money into multifamily here do it to avoid the tax bill + take the 10 year runway of growth.How much SHF RE do you currently have?