I accept the need for a competent PM and the reality that competence typically ain't cheap.

For example, a buyer putting 20% down on a $500k home would pay around $500k in interest over the 30-year life of a typical mortgage at a rate around 6.5%.

DSCR loans typically take 21 days to close.

Just saying there are people on BP who can vouge for you as Melanie is typically very negative towards anyone in the syndication / raising money space. 

You can use a tool like AirDNA to get estimates of property performance in your specific market and with your typical size and configuration of home.

Mortgages for LLCs with personal credit under 680 are tough and expensive, and under 640 are typically not really economically practical for the borrower. 

Current HELOC rates are typically 8-10% depending on your credit and lender, though some banks offer promotional rates.

It is typically lower than cash-on-cash and you can put it somewhere around 6% conservatively.

@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You typically need a down payment for many things you buy.