One of the reasons there's no flow chart you can just buy or copy is there is a complex web of federal, state, and local laws you have to comply with when it comes to tenant screening (Fair Housing, Privacy Act, Fair Credit Reporting Act, HUD Guidance on Criminal Records, Section 8 Income Qualifications...just off the top of my head).

Fundamentally, you need to know how much will the property fetch on the market, either now or say after you've renovated it. 

Its a fundamental aspect of insurance (at least in this country). 

Such increases were transitory since the economic fundamentals of these markets have not changed.

Granted; they should have a shelf life.. you want to OWN real estate not just get another job… but if you are completely and utterly new to it, and don’t understand it fundamentally, then there’s nothing wrong with slow progress and getting paid along the way.

I would recommend you start with the following process:1) Read a couple of fundamental real estate books such as The Millionaire Real Estate Investor by Gary Keller and the ABCs of Real Estate Investing by Ken McElroy.

It is covered mid way down on this web page:https://www.nolo.com/legal-enc...

Wondering if you all know of this web platform (nursesbnb)  that gives high quality professional renters for your rental property.

Your cash-on-cash return will be higher when using debt.Any form of debt is going to offer both increased risk and the potential to increase cash-on-cash returns.Debt fundamentally allows you to go faster.You can buy a property for $1M using $1M of your own equity, or you can put $200k down and buy 5 properties simultaneously using debt - this specific example is reductionist and arbitrary, but the point stands; debt allows you to potentially move a lot faster.However, it's not without significant risk.

Personally, I would recommend starting by getting a very good understanding of the construction process and how the various systems function, fundamentally, so you can better recognize, and understand problems when they arise.