Securing funding has been challenging, particularly because my business documents reflect low revenue from only one duplex, and I am currently between jobs.I have identified a reasonably priced piece of land and have saved a small portion of the funds from my duplex sale to invest in this venture.

Personally I would pass but if you go forward I would do a lot of research on the group you are renting to and get a very large security deposit to cover damage. 

PM's will keep all late fees, they hold the security deposits so they collect all the interest on security deposits. 

And if a property is owner occupied, how can you secure a loan with a hard money lender not being able to view the home to estimate repairs?

.- Logically, there really is no additional security provided with both keyed doorknob & deadbolt, but a deadbolt is more secure than a keyed doorknob.- Since you need a key to lock a deadbolt when you leave the premises, tenant's can't lock their key(s) in the home and then pester us to come let them back in.--- Tenants can still lose their keys outside their home:(

I will address the absolute that he did throw out as they are simply incorrect.

high interest rates have hurt cash flow and long term rentals are still a great investment... they're just not going to throw off rental income in the first few years of ownership.

The first part for me is investing in real estate since I have a secured job that I’m hoping can subsides some income to give me the freedom to put more time to real estate with a eventual transition to full time real estate business.

We discussed this in an earlier post.Obviously, if loans are being made without any provision in the Operating Agreement, it’s time to get in touch with your State Securities Protection Division - usually a part of the State Attorney General Consumer Protection Agency.

Not trying to throw anyone under the bus and I respect both of you for doing what your doing and you guys probably do a great job.