We do traditional PML full set of DOT, note, etc. loan documents for $1,500 for residential. $3,500 for commercial.Hope this helps!

Financing: Would you try creative strategies like seller financing, BRRRR, or syndications, or stick with traditional loans?

If you don't have the downpayment, go make some cash so that you do, either through saving from your normal income or some real estate investing efforts.Your point on debt paydown, although true, is not relevant to the argument of BRRR vs. traditional rental.

One side is traditional rental and the other side I have furnished and have been renting as STR. 

Rates are typically higher than a traditional cash out refinance, however at least you are not getting the full loan amount + you have the flexibility to draw/tap in the money whenever needed.

Also the Adelson family of Las Vegas Sands fame have purchased a couple of big parcels with hopes to build a giant casino/convention resort perhaps anchored by the arena for the Mavericks for which they also just purchased majority ownership from Mark Cuban. 

I have also helped a variety of both local and OOS investors buy in the metro using owner occupant and traditional investor financing.

The local casino just replaced free charging with 50c/kwh (4-10x the home price.) when they figured out people were just leaving their car there to charge while they went home.

So if you are buying a property the traditional way, using an agent, you won't usually get answers when it comes to the condition.

The process is pretty simple, but it does involve extra steps compared to a traditional rental.