In many cases, you could also drop down to a 25 year fixed, keep your payments ballpark the same (higher P&I payment, but no mortgage insurance, so a wash), but end up debt-free years sooner.

My wife (who is anti-debt oddly enough) prefers to use financing up front to purchase to reduce the cash invested. 

But I can give you some general advice.There's usually public notice involved so you pick up the list from your local legal newspaper or website.

That will let you know your monthly payment and renting these out will cover your debt service.  

One thing to consider is that I don't believe it is technically legal to VRBO/AirBNB. http://kutv.com/news/get-gephardt/air-bnb-rentals-...I did have a friend who used his house as a winter ski rental and seemed to have good success with it.

Demand is high, will be for some time due to so many out of state transplants and Mary Jane legalization along with limited house building for many years. 

My offer on a single family home with a legal secondary suite was accepted and now we are just going through the process of removing conditions.  

The property was purchased outside of any legal entity (in my own name) and is the only property I purchased from the direct mail.

Create an LLC or some kind of legal entity where I can pool together funds from friends and family to make investment purchases.  

I used mostly credit cards and borrowed money for the purchase down payment and rehab cost, and now that we're finishing up I'm doing numbers on payback and the next property.I want to keep up momentum and start the next project soon, but by my count, it will take me somewhere around 5-6 months to pay off all the debts I incurred in the process of purchasing and rehabbing the house (not including the mortgage).