I can definitely find deals like this in Garfield Hts from 75-95k, but a lot depends on the Point of Sales for each property.

Each Scope of Work (SOW) is unique to each property, as the specific needs of each flip vary widely based on the property’s condition, location, and target buyer.

As others have said, managing 5 properties is easier than managing one. 

A mortgage lender told me to use a DSCR loan and just move in to the property as a primary residence?!

here is the situation. i left a really good paying job to take care of my 81 year old parents because my dad is chronically ill and my mom is almost there. i wont go into too much detail, but my sis doesnt help them. ill leave it at that. we have a person who comes twice a week to help with cleaning and other household tasks. i carry the bulk of the weight cooking their meals, running errands, grocery shopping, picking up meds, and taking them to dr appointments. its a full time job. i get a small salary of $1000 a month from a care giver sub contractor for the VA. ive been paying my bills with what savings ive had, but only have a few months of funds left. i own a duplex. i have over 200k in equity. i live in texas and texas has weird laws about refi and heloc/heloans when the property is 4 units or less and owner occupied. i would rather not sell, but if thats my only option i will have to at some point.does anyone have any advice or possibly be able to point me to lenders who might be able to work with my situation?

I know one property manager nearby who charges $30/month for such a service.

But before I give you my play-by-play, let me first overview what this concept includes for anyone new to property management or owning rental properties. 

What type(s) of commercial properties are you looking for? 

The example scenario would be if I bought a $1M property, the bank is in first position and covers 800k of the property cost, the seller agrees to cover cost of down payment and covers 200k of the property cost.Let's say we can no longer make payments on the property and it's foreclosed on.

“Even if the property managers on site want to work with the people, they have somebody else looking at their numbers, saying, ‘Why is this person still here?’”