Classic BRRRR method.

My question involves financing.

This isn't legal advice, and I don't have a real-world example, but some coverage issues to pay attention to might include injuries to common law employees, injuries involving liquor, and punitive damages for gross negligence.Keep in mind that umbrella insurance policies are negotiated contracts like any other insurance policy.

@Giovanni Brown Some properties are a better fit for the auction method.

Definitely want to play the long game, I just really like the idea of getting started using this method as I don’t have a large amount of cash on hand 

Re: postcard method, it's not foolproof but it's pretty good...

Larger roof, more expensive fixtures, higher labour costs in more expensive markets.Keep in mind that everything about costs and income are extremely rough guestimates at the very best based primarily on industry data gathered over decades involving millions of investment properties. 

Two methods you should look into more is "House Hacking" and Owner Financing.

Coming from the Midwest with a relatively low-paying job I wouldn't have enough cash to invest using traditional methods.

I am still heavily involved in building/yard maintenance and turnover work,  but I leave all the stuff with legal risk (advertising, showing, leasing, enforcement, rent collection, deposits, etc)  to the PM.