So, if the total payment was  2500 you would only need to cover 1000 dollars a month with your income. 

All which they cover in the training. 

Do you raise for your reserves and capex, or do you hope your cash flow will cover it? 

That means I'd be covering a significant shortfall every month.

Yes we cover Detroit:)

Frank, For a rookie investor with low capital looking to build a rental portfolio, the best strategy is house hacking: buy a small multi-family home with a low down payment (FHA or conventional loan), live in one unit, and rent the others to cover your mortgage.

I got more than enough up front as the non-refundable Option fee to cover all expenses and rents and to get a judgment against the Optionee.

I believe coaching does work, but I also believe that 90% of the coaches are better at marketing / self promotion than they are at doing deals. 

I used a HELOC to cover the down payment, appraisal gap, and furniture, allowing me to enter the STR market without depleting cash reserves.

They usually have a process for filing a claim with the city for damage caused by them, and they may be willing to cover it.