That is more realistic and mitigates a lot of the risk your posted strategy takes on.

This last risk is largely mitigated because if they screw up, they're off the program for good.

This is not legal advice, just friendly information.This is more a question of risk tolerance and strategies for mitigating a certain level of risk.

@Sam Silverman Having the core market fundamentals in place is crucial for mitigating downside risk: diversified sectors, pop/rent growth, school systems, etc.I'm interested to hear more about why you're investing in Class B and above assets in primary markets.

Otherwise they need to be more strict to ensure they mitigate the loan losses from life circumstance changes etc. 

The sellers interests are usually passed down to the surviving beneficiaries. 6) If you don't already have these contacts, I'd really recommend finding a trusted attorney and Insurance Agent to help you through this process to understand how to mitigate your risk. 

The easiest mitigator to this is to refi when you want but use the proceeds for reinvestment.

Repaired water damage, took out dog odor, replaced all floors, water heater, radon mitigation, finished the washer/dryer/storage room, Keypad lock, Ring doorbell, all new paint, doorknobs, repaired deck.

One you can secure standard long term financing through a traditional lender and the 8 unit will be commercial financing....you may like the terms of the commercial financing better, and the point of the larger buildings is really a risk mitigation, 1 building, 1 roof, that kind of thing. 

If it's overwhelming you may want to look into turnkey companies who have an existing network you can tap into and provide some "guardrails" that help mitigate some of the risk - particularly for those just getting started.