Up to 70% LTV on multi-unit investments is common and will have the most attractive rates, but there are options above that at slightly higher rates....and assuming the money is going to good use, then perhaps worth considering.  

$150 cash flow is low for something that costs $100k... not a lot of margin for error.

This is way more expensive then what you stated 8% to 12% is common.

Is termite damage common in Austin, Texas?

You want to find an accountant that specializes in rental real estate—I recently found an error my cpa made for the past 12 years.

I found it difficult to find help with them because they are not a very common route people use.

So at that purchase price and ZERO down (80 bank/20 seller) your after debt service income is something like 5k, which leaves very little room for error, one major roof issue or other capex event and you may be in trouble. 

That is common. 

IMO, not worth dealing with used appliances - all savings will go out the window with the first repair call. unless of course your lease agreements explicitly require tenant to maintain appliances (not typical in CA but common in mid-West)Personally, I always buy new from HD and always get 5 year pro warranty - covers all repairs and in a few cases ended up with new units when they could not fix old ones.

Hello BP,I'm typing my direct mail letter template out (no it'll be handwritten for mailing) and I want to accentuate the most common frustrations with renting.