But a low purchase price sadly won’t matter if the house barely rents at all unfortunately

I have done a few transactions.. one specifically i remember were i brokered a 65 unit townhouse deal to a developer and made 300k fee..that took me no more than say 40 hours max.. but i have spent hours on deals that i made ZERO.. so i guess like i said if you had 10 to 30 clients your working with LIKE an attorney and billing them all all day long.. you can make your 500 to 1000 a day or 10 to 20k a month which to me is bare minimum to be in this business.. 

No pooling investors.. projects are varied from bare land to entitlement deals to new construction to BRRRR ( which is our bread and butter)..

Instead, I was misled and given the bare minimum of what was promised.If you're reading this and you review services honestly, please heed my warning: steer clear of these scammers.

If they are able to sell to a home owner, its usually the home owner who can barely qualify for an FHA mortgage, turns over extensive repair addendums because they recognize they don't have the means to handle home repairs on their own and must have the home 100% move in ready. 

@Abigail Irvine so you don't show enough income to qualify for an owner-occupied mortgage, so that leaves DSR loans on rentals as your only option.At the minimum 20% down required on DSR loans, your $20k barely gets you to a $100k purchase. 

In the span of a couple years properties that were selling for $120-150 a unit are now selling for $150-200+ while rents are capped out and even then A.) won't math out and B.) are too expensive for most to afford anyways.i spend a good deal of time underwriting properties to show clients and routinely i'm looking for deals that have been on market for a couple months or longer so i can chop the purchase price by $200k and somehow get the numbers to work.

The people with balloon payments with 5% equity on an asset that barely appreciated.

However if you want to generate more cash flow putting 15% down will help you because not only is it a lower montly payment but when you hit 20% equity they will remove your PMI.If you put down 5% I would stronly encourage you living in the Airbnb if possible and renting out the home so you can generate even more incomeIf you look at it like this it'll helpMonthly payment < Potential income + current rentIf you can move and reduce your cost of living that is always great at the bare minimum they should equal each other in my opinion because at least you'll have equity if the market you are choosing is a strong equity market.

It was pretty long and basically barely found one and it still all boils down to insurance.