There's a few different ways to focus on a lower rate such as with house hacking and making the investment your primary residence, requesting a significant closing credit from the sellers for standard rate buy-downs (which I've had great success with recently), or utilizing lenders who offer short term rate lowering solutions such as 2-1 rate buy downs (again, ideally paid for by the sellers).

@Chris Collins  Tenants usually pay all utilities. 

Most likely raising funds from passive investors would utilize a Reg D 506 b or c safe harbor exemption from registration.  

However, if you intend to work with a hard money lender or utilize a short-term loan product, you're on the clock for repayment, which can be stressful if things go sideways. 

The first apartments I rented as the owner, were previously rented by the former owner at $150 month including utilities. 

Utilizing empty lot space in this way helps to combat the increasing housing prices and limited supply many markets have been experiencing.

Plus the challenge with mid term is you are generally on the hook for things like internet, utilities, etc.

Personally that's why I like to sell such tenant buyers a 1yr extension, or at least present such.

Purchase price: $45,000 Cash invested: $40,000 Property Renovation Overview: 1453 Southfield Dr, Columbus, OhioWe are excited to showcase the extensive renovation of 1453 Southfield Dr, a testament to our dedication to revitalizing living spaces and enhancing the experiences of our tenants.

I'm passionate about real estate and how utilizing this asset class can enable me to build generational wealth and retire early.