I keep on hearing people say that you're typically going to want 20-25% down for an investment property but is it still possible to do 5%?

I received a windfall during 2020 and decided to purchase this property and make it my pandemic project.

Turo seems very difficult to do remotely based on the feedback I have received from a good friend that has copious amounts of transactions with Turo.

Typically we see the better rent:price ratios/cash flowing properties a bit outside of the city maybe within 45 minutes or so of downtown, or in the C class neighborhoods closer to the city that are a bit more management intensive.You might be able to get a close to turnkey duplex for ballpark 80-130k if looking in the area I mentioned above.

I had received a small windfall that allowed me to purchase the property.

If you have not received your current assessment it is most likely not going to be pleasant.

Typically the LLC owns the property and what you are calling the GP is the manager of the LLC.For Schedule of Real Estate Owned (SREO) wherever I'm the syndicator, guarantor or deals where I'm a passive investor are all on the list.

We typically buy off market, but I know the networking is one of the best ways to access off market deal flow through brokers. 

I would be lending their money and paying myself a loan origination fee and perhaps a spread on the interest the real estate investor is paying and what the lender is receiving on the back end. 

I often search for off-market preforeclosures and the data coming from PropStream typically shows me a ton of properties that are no longer in preforeclosure (based on court records showing it being dismissed) or that are actually listed on MLS.