Your example is a perfect explanation, just because cashflow doubles doesn't mean the cash on cash doubles. 

There are a lot of different aspects you can bring to a partnership other than money. 15k might be the perfect amount of cash if you were able to contribute by being boots on the ground, meeting with contractors, property managers...As for going at it on your own, I don't know the price of things there but you probably could do some house hacking with that much cash.

Is it perfect, no, but it's also free and easy.

Would really like some option for bridging this final gap as right now, the only options I know of are: A - Wait and save.B - Find a cheaper place.Short of finding the perfect seller, I'm at a loss...

The lease term works out perfectly for my timeline, the payments and deposit will be made by the insurance company, and I will still do standard background and credit check on the tenants.

Sounds perfect to me, do it!

I'm sure it would work perfect in many areas.

I have a few spots around Georgia that I believe would be perfect for upcoming projects. 

you can't have high returns without taking some risk on area no matter where your investing... if your looking for creampuff A and B turnkey perfection with 15% returns your looking for a unicorn.

Perfect!