Bottom line, you have to decide how badly you want to own the place, and how much financial cushion you have, and how much risk you are willing to take. 

I sell my own properties so I make sure to go overboard on this.Also, put your property on the internet on other platforms, like Facebook.

I started with a single-family home and it gave me a solid foundation without too much risk.

All that means is you've got bring your best to all aspects of the property and the listing itself -- location, furnishings, photography, heck, even the listing headline all matter a lot.At the risk of pitching here, my wife's YouTube is filled with a ton of great MTR content on setting up a listing.

The world values your money at 3 or 4% with no risk. 8 or 10% with moderate risk.

Risks with this:   1)  unless you do it for all housing applicants who reach a certain stage in your screening process,  you are discriminating.    2)   what if an applicant is from out of state?   

@Nick Henry this also comes down to how much time you have available and how much effort you are able to put into purchasing a home or building and doing renovations and then finding quality residents to live and take care of your asset.

It really comes down to your risk tolerance and long-term goals.

Here's the deal, IMO if Peter Harris IS a legit guy he doesn't HAVE to use this sales funnel - that is another reason why I want to put this out there.

Technically, if you put 50-75% down almost anything would cash flow but then you would be cash in heavy.