For me, I realized that buying real estate was the only way I could get out of my situation so I started by doing several things:1) Buying a duplex I lived in and rented the other side, nullifying my mortgage and utility payment via the tenant's payments, and;2) Buying a duplex which generated additional take home cash flow, and;3) Wholesaling homes for monthly spendable cash.I parlayed this then into what I chronicle in my book, which discusses using aggressive amortization schedules to pay off rental homes in very few years and some other aggressive, out of the box strategies using private lending and seller financing to acquire homes with favorable terms, and in the case of seller financed homes, paid them off early and at an extreme discount. 

Depending on the condition and size of this, I would wager your reno costs are at least 50% off...meaning your margins on this deal are disintegrating if your ARV is only $226k with a $150k purchase price.

Hard to quantify but I'd wager it's more than paying a PM 10% a month.

In fact they can thrive.I wager this recession will be caused by the (lately) non-stop talk of recession, which will erode consumer spending which is the life blood of our economy.

It’s a very similar case of to a Tenant-In-Common (TIC) arrangement where an investor has 1031 exchange funds and wants to parlay that money into a syndication.

I've looked on Zillow at homes in the neighborhood and most seem to sell between $240-280 (depending how desperate the owners are I'd wager).

This is pretty typical of real estate investors, who spend 20 years accumulating a chunk of money, parlay it into some rental property or a couple of flips, and make excellent returns in a high economy.

However, once you become a repeat client and s/he knows your word is better than the average investor, and you're making >200k investments with a 3% commission, I'd wager they will go above & beyond the normal call of duty to feed you deals. 

I normally acquire properties using about $25-30k cash into the deal and usually cash flow around $300/mo with equity pick up around $40-50k.I'm wrestling a bit with the 'bird in hand' vs. taking a risk and parlay for increased scale. 

another method of parlaying your small investment into faster growth.To buy a rental with 100% financing, the net cash flow per month will suffer from the larger mortgage payment.