However, at turnovers, where we had a handful of steady local or military tenants, some oil workers moved in.  

I handed the loan officer a Bigger Pockets calculator report and he unexpectedly told me he would give me an unsecured short term 90 day loan for the purchase price so I could do a cash offer.  

We have a handful of Comercial lenders local to Fall River where I live and operate my businesses, who will go down as far as 10% down on the loan as long as you can get the seller to hold a note for 15%.

The next day his wife  called me in the office and handed me back the check with no explanation.

Once he hands all those dollars over, it'll be too late to realize that they don't have magical super-bargain properties on offer.

Definitely want to play the long game, I just really like the idea of getting started using this method as I don’t have a large amount of cash on hand 

Ive been on bigger pockets for a month and a half now and have gotten my arsh handed to me quite a few times by the vets and recommend you stay on here for a while and ask about finding good deals and the real costs that go into buying a property because i know i was shocked to learn those.

On the other hand if you're looking towards hiring a office worker or two, setting up phone lines, incorporating, and marketing... then you could be talking about much more capital, but likely a faster revenue.

Though it would be essentially paying myself, I'm hoping that might be hands-off enough to qualify. 

The problematic parts did not pass.Interestingly, I would guess your tenants may lose out in the end not having a focused, hands on owner/landlord able to give great service to 8 units.