Typically above 2 million on the loan.Mark

I could lower the rent to attract a quality tenant that would still get me more money than had I used a manager. 

I am totally new to real estate language, I am a blue collar kind of guy but I am trying to think long term , I'm not thinking I can just jump into this and flip hundreds of homes and make a million dollars.

guess I am lucky in that regard.. but I do have an umbrella and have had it all these years  5 million.. but never once used it.

Then you would have north of a million in retirement.

What strategy are you most attracted to?

For example, Realty Mogul has $45 million in funding.

  - purchase price would be 1.5 Million - its 4 stories and requires a gut renovation.Supposing that this is a great deal - how would i finance the 600-700K renovation ?  

Emersons Commercial does millions of sq ft in property management and leasing and based in Dallas so might have some possible tenants. 

The long-term RV Parks that are residential style tend to attract tenants just looking for the cheapest housing they can find.