Another note, make sure you establish a GREAT relationship with whoever sits on that committee.

Please seek out the guidance of a CPA and Financial Advisor knowledgeable about these types of products.

Everyone's favorite topic of conversation is themself, and when you can go in and talk about the deals they have done or what they have listed now, it will help establish a connection.

You then just can email or cold call them, and establish a relationship ask what their buying criteria is at the moment.

You should establish a minimum Return on Invest target to guide your offers.  

Let me start off by saying I am not a financial advisor, and I can't speak to your financial situation specifically, but there are two main factors I would use when considering what to do: how much cash do you have and what does your cash flow look like.First, it sounds like this would be all the cash you have after reserves.

I have a primary gig - established insurance agency and also commercial real estate, residential LTR real estate and some STR real estate.  

I will start off by using home advisor and hopefully get in touch with some good people to work with.

What if I'd stayed in my W2 and stuck with my established career, maybe put the extra $ in the stock market?

The goal here is that after the first year they will have established a track record that serves as it's own landlord reference for me to renew without requiring the double deposit.