I managed a low end apartment block for several years. 

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

But, if steady long term cashflow is a goal, with no management, one can always sell farm land on a low down private contract.

As I see it, the only ways that real estate pays you well in the first 3-5 years is low to no leverage or a strategy that requires more work (short term rental, mid term rental, rent by the room, etc.).  

@Bonnie Low

You can't run a credit/criminal without the social.

It is easy for people to download fake W2s, ESA paperwork, etc, with a few mouse clicks and a credit card. 

THe lender is a credit union and it is a conventional low rate loan.

I will say that during that time, the HELOC interest rates were very low.  

Appraisals came back awesome my credit score came back 720.