Quote from @Gian Pazzia: For properties that small, you should budget $450 per property and use cost segregation software like the one below from a trusted brand that has been in business almost 25 years.

it's just repurposing your housing payment.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

If there is a pending RAFT application the case won't move forward until it processes and/or if the person owes more than $7k that you are willing to let go of the remaining rent or have a payment agreement in place.

you're just swapping a rental payment for a mortgage payment to build equity.yes, you can try to spin up off market leads; it takes a lot of work. 

This way you can bring $500K of total down payment on the new property. 

I use avail.co for my leases and rent payments.

I don't know the laws in Florida but in Texas, you can refuse to accept payment once you serve the notice to get them out of the property and end the nightmare. 

The monthly payments are much lower than buying in California, Nevada or Arizona if the house were to sit vacant.