In addition to FHA, I have a conventional loan with the option to put as little as 3% down as well a speciality product that has lower rates if the property is in a designated area.

My method as well. 

Learn how to manage well and your investment will perform better and you'll enjoy real estate investing more.1.

Well, I keep seeing listed properties and their insurance is like $150-$200 for bigger multis. tx

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

What has worked well for me is looking at properties that have been sitting on the market.

well thats a long slog trying to do it with rentals.and the limited amount of captial you have currently which from your post is borrowed money .To me you need to find land develop it and build it out.. thats where you will make big to bigger bucks the quickest then peel some profits off if you want to get into the rental game.

You could get a non paying tenant or a bad well.

Well “working with a buyer’s agent” on FSBO generally means you Are paying them 3% (just the buyer side of the commission)..

I dont think these things are hard and fast.. to me look at whats left after the rent is paid is it enough to really live on.So if rent is 5k a month for instance that means tenant needs 15k a month in income pretty standard .. well that tenant now has 10k a month to live on.. most people can make due on that.so if this tenant came to me and only made 10k a month  2X the rent I know they have another 5k a month to live on so sure that works.where this is important is in lower income low rent areas were rent is say 800 a month and 3X is 2400 minus rent leaves 1600 a month for EVERY thing else can you live on 1600 a month ???