TIf you're goal is to scale, they are an excellent option for while bypassing some of the stricter requirements of traditional financing.

It varies deal to deal, on one property maybe up to 65% LTV, but if you have more collateral the more likely they can make something work.For example, I've done numerous deals where we place a 2nd on 4-5 properties and the lender feels comfortable lending x amount of dollarsThese are very non traditional loans and no two will ever be the same.

Traditional lenders don't care about your savings or net worth; they care about your employment and earnings.3.

If it does and you can't rent your house traditionally without covering $1,000 a month in costs, and you can't sell because the value isn't there, then you're in a pretty frustrating situation. 

SpaceX now has a rocket testing center right outside of Waco, Amazon is currently building a huge distribution center in Waco, and BSR Surf Resort & Cable Park built the #1 wave pool and cable park in the world, making Waco an international surf and wakeboard destination.  

And the cheapest capital comes from traditional lenders, who will want good credit score and financial wherewithal from the borrower.  

Saying you want to eventually "get out of Section 8" is akin to saying you want to eventually "get out of renting to [insert a traditionally marginalized race/ethnicity/religion]"

Banks will provide traditional financing for properties over 50k, assuming the borrower can qualify.

The Twin Cities has traditionally been an excellent place for growth, but there are many metro areas that will offer you similar profits.

Sewer Cabling/Drain Cleaning: When there's a blockage, usually paid by the owner unless the tenant caused it.