The more perspectives on the same problem, the merrier.My wife and I do self-managed low-income landlording in SFR and duplexes in an urban area with tight streets.

At this low down payment the property should still cashflow at least $100 per door per month after the payment, taxes, insurance and accounting for 10% vacancy.

Freddie Mac and Fannie Mae have small balance loan programs which is a great way to cash out some money and secure non-recourse debt at low, long term interest rates.

Hey everybody,A bunch of the OMs I'm getting sent include a principal reduction in the financial analysis.

@Dan HeuscheleThat would be wonderful but low income areas that’s not going to happen .

TF is very low cost, usually 2 points.

Probably not, you'd probably only consider this because you had bad credit or low income or something that prevents you from living in a safer place.I bet the turnkey provider has rents too high for the area as well...Can you make money on this type of asset...sure but not by paying 70k for it.

@Cody L.There are several thousand taxing authorities in Texas and a low  percentage participate. 

Very low risk of volitility.

In my market, people don't really care about a modern bathroom (rather low rents).I typically only touch-up bathrooms (paint, new fixtures or toilet if needed - and by needed I mean if the fixture or toilet is wasting water).