Money buys you a better lifestyle.For me I strip everything down to bare bones.

I worked with a management company to rent out my townhome and they sent me an application with a set of 3 roommates that barely makes enough as 2 and just squeaks by with the 3 to meet income requirements.

Even with 100k property, that will barely cover your down payment and closing costs.The best use of those funds would probably be to use it as a down payment on a house you can live in for a few years, and then rent out. 

I'd rather have a property double in value over the next 15 years and reap those benefits than receive $300/mo and have the value just barely keep pace with inflation. 

Im upside down and the rent barely covers the mortgage but expenses I have to cover.

My bare minimum for repairs is $50 per month and conservatively 5%.

And many that are barely profiting- which in my book is far too risky.

It's been awhile, but here's the last home like this I bought which needed a few less repairs, had better ADU potential and (barely) qualified for a 30 year mortgage - https://www.redfin.com/CA/La-V...I can share the after photos if there's any interest in this. 

Or, we could discuss more deep here for others to learn from this.Here is the detail:First properties: a multi-family type with 5 bedrooms (number of bathrooms is not in description)Purchase price: 35kdownpayment (20%): $7kSecond Properties: Quadruplex property, description is too barely by "Not too late to own a piece of the Hill"Purchase price: 50kDownpayment (20%): 10k