But if he did, I would pay him on the spot when they were delivered.

Instead of spending all day waiting in line for a few rides, pay to to 'skip the line' .

Charge what you need but be sure and pay it off before the introductory rate expires. 

No shot I am going to trust my tenants to not sue me that's crazy.

You will need 20-25% down and a commercial loan for the rest.Most lenders will want to lend to an LLC with you personally guaranteeing the loan.Typically, each MFR would be purchased under its own LLC, for liability purposes.Each LLC would then also need its own bank accounts for collecting rents and paying expenses.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

Then, in year 11, you will begin paying down the principle amount of the loan over 20 years. 

The landlord would have to pay unless the tenant was responsible somehow, which isn't the case here. 

A foreclosure/ auction/ etc. is going to give you the delta you need to make it pay off.

Here are some lists you can pull from data providers:- Absentee, Equity, Related party, Trust, Preforeclosure, Vacants, DeceasedHere are some manual lists you can pull from your county:- Tax liens, Fire houses, EvictionsI would recommend you pull some of the above lists, identify which properties are on multiple lists and start hitting those properties.