Finding a bank that will give a mortgage on a home less than $100K 2. 5% down is usually for owner occupied homes, so if you are planning to owner occupy I can see you getting in for 5% down on one of the properties but if these purchases are purely rentals then most banks are going to require 25% down.  3.

It never never needs batteries and has never failed me.

Pure focus on one thing.5.

I'm curious, though, would that requirement apply based purely on my being located in Oregon? 

I analyzed the deal on the bigger pockets rental property calculator and it met my $500/month pure cashflow requirement.

The first I purchased with my brother with just a regular conventional mortgage and while I now realize there are better options (BRRRR or Househack etc) it still has a VERY strong $ on $ return ($600 per month pure cashflow).

For the inspection, do it twice a year to check batteries in smoke detectors (and CO detectors) and to change the filters on the furnace.

I was purely asking about the logistics for recording these loans, and how this all works since I have not seen much info in my research regarding the recording of private loans.

You will want to do the calculations to find out your "pure cash flow".

The condo is paid off free and clear, so it’s pure cash flow minus operating costs.