In order to do this you need to have deal flow and you need to know 1) How to recognize a good, profitable deal, 2) How to put together funds quickly to buy the deal before someone else does and in such a way where you are protected and the deal is protected, 3) How to run the project so that you follow the budget and don't overspend or overbuild, 4) How to attract an end buyer or a renter and which documents to use to protect yourself and the buyer, 5) If you are going to keep the property then you need to know how to set up the property from the start to best help you in the refinance later, and 6) You need to know how you are planning on managing the property from the beginning in order to make sure it will be profitable at the end.

I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.

He's got the #1 investor podcast in your area, his property management company is first rate, and he's a great guy.

Where in a standard market rate rental a stain like that could be handled when you get around to it and the rent would still be due.

When choosing a location for your first rental, it’s great that you’re considering factors like crime rate, population growth, employment rate, and price-to-rent ratio—those are all key metrics.

As-is cap rate of 7.5% in my market (kc) would be pretty awesome to buy. 

By investing in metropolitan areas your yield would be lower (6% to 7%) but you would have a lower vacancy rate.

Maybe half upfront and reduce the rate of interest on the balance..

Potentially lower down needed of 15% with better rate and 6% cap in IPC’s

Saul, Phoenix and Vegas are popular markets, but I’m not sure they’ll actually cash flow well with today’s prices and interest rates.