I prefer to stretch 20k-40k of my initial investments to be able to purchase as many properties as that would allow (down-payments) as I have excellent credit and would be perusing conventional funding from banks. 

:) I recently set a stretch goal of owning 50 cash flowing units in 3 years.I started taking action a month ago by connecting with agents, lenders, investors in the area I want to invest in but still struggled to define a route that would help me achieve my goal.

Gross monthly rents are around $2,100 on average, but can easily stretch into the $3-4k mark. 

There are many opportunities to stretch your dollar further, but as you said there are also pitfalls to be aware of.

Would it be possible to stretch it out so you're only renovating 1-2 units at a time? 

After reading it I plan on looking more seriously at making my dollar stretch farther.

And then allow you to be any part of the LLC would be a stretch.

While my husband was deployed for a long stretch, I bought 3 houses back in the US. 

Be willing to stretch a little.

We have enough capital to get a traditional hard money loan but it would stretch us too thin and we spend lots of cash a month on marketing.