Would it be feasible to put, say, 20% down on a $50k house with the intent of renting the place?

When I receive the new keys I have every intention of giving there belongs back but would you let them come to the property and remove there belongings from the home, or would you remove there contents place it in a storage unit and have them get it from there?

But I've always been a buy and hold investor as that is what my parents are, what I've seen but with BP I'm branding into more creative methods.During obtaining my license in August I found a buyer that was tired of been a landlord and I bought his property with intentions of fixing and renting out.

Do so even if you intend to self-manage because your time is valuable and you may eventually want to remove yourself from the system and hire outside management.I imagine many sellers intentionally understate or omit certain expenses on their pro formas because it makes the paper returns look better.

And if not, do we rehab all in now, do it slowly, get it livable and rent with the intent of terminating renters later to punch up amenities?  

My intent here was to get a feel for what the pros thought of my first go around.  

This is not our intent and we are only looking for 2-3 working days to run an inspector thru the house and review the loan documents (the deal is a subject to deal...).The gentleman we are working with wants money "up front" to secure the deal while we do our due diligence.  

Any suggestions on find good property management companies also along the way.Also, I am looking for cash flow but main intention is to build long term rental portfolio and increase passive income overtime and also pay off debt to make the properties free and clear.

Intention would be to buy, rehab and then rent.Strategy discussion:   Upon completing the rehab, I would then take a Cash-Out mortgage to return liquidity to my portfolio, and then likely purchase next house with that cash.Help me understand if I am missing something in this model?  

As I look toward the future of my business it is my intention to get back to the basics, finding motivated sellers and guiding them through a sale that creates a win-win opportunity for all involved parties.