Major gains are made via compounding appreciation.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

If you buy mostly off-market you'll get zero commission, so a major factor for you will be if you plan to shop mostly via the MLS (which can be a good strategy especially for SFH where the data tends to be better quality). 

As the others mentioned, you're looking at 3.5% via FHA or 5% conventional w/ owner occupied.

Look for meet ups in your area (virtual) via apps like Meetup or FB groups, attend free webinars, start reading as much as possible on any and all topics related to investing and real estate.

Hi,I am considering to buy one or more investment properties via a cash-out-refinance against another investment property which we already own in our own name.For which property can/do I deduct the paid interest once I file my taxes?

When I did mine via incFile that came with a referral to Bank of America for business bank accounts, and BoA walked me through that setup, pretty painless.For tax deductible transactions the software has each deductible category so any given transaction it either automatically knows based on the vendor and/or description, or it will ask you to set a rule. 

Hey BP'ersI am starting in REI via Turnkey route.

the last part of that sentence is where the issue lies. you have to get into a habit and routine of putting in the hours for yourself. you have to find the motivation either internally or externally via somebody else keeping you accountable at the end of the day the question you have to ask is "How bad do you want it"? 

Here's what I mean via a hypothetical example: Depending on the amount of cash I have on- hand for the purchase I tailor my search according to a typical 1.25 DSCR & 75% LTV.