You may want to consider purchasing one or two year notes with yield of 6-8%. 

If you have no desire or ability to go to your own hundreds of thousands dollar investment, why even deal with it?

Sounds like you're on the right track for areas to find deals.

They will give you a different policy with different coverages.

You will need to save that initial income to buy your first properties, get your mortgages, etc.You don't need a college degree to swing a hammer, but that psychology class could come in handy negotiating with a difficult tenant.

I'm New not New to the group.

Let’s get those deals!

But to sum up your truly relevant point, all you are really saying is that there is high default risk when you deal with people who have poor credit history or some other financial issues.

PM here - happy to help the BP community with rental analysis, leasing trends etc should you need anything from me - Northern VA and DC.

Welcome to BiggerPockets!