the value added versus cost to add, especially in single family zoned areas, typically results in a large negative initial position.  

This creates a negative initial position.

@Richard Herro Jr.It's great that you're taking the initiative to learn and connect with other investors!

Try to see the property yourself if you can (was out of state initially).

You could do the BRRR method and the sneaky rental method (live in a house initially, then rent it out after, while light rehabbing.)

For comparison purposes, I hold ownership units in a LLC that owns a retail/service center where there is a mortgage loan that initially represented 50% of value, now about 35%.  

My initial investment there started off a bit rocky.

But, this property was initially listed at $1.6mil and came off the market. 

Been pretty happy with my decision so far and even moved here after my initial 4 buys. 

Initially I really wanted to do a STR down in North Padre Texas (as it is a place I have vacationed for years and have stayed in at least 8-10 of the STR in the exact complex im looking into, I see how my STR could stand out amongst the rest since Im huge fisherman down there and that is mainly what those STR are used as, already have boat rental option setup if I go this route, list of fishing and possible guides to go with depending on style of fishing, family, fun, hardcore wade fisherman etc etc and equipment rental available for those that do not have.), the places im looking at are decent $ properties that after running through calculators etc showing 18-22% CoC after management fees etc.But after listening to BP for about a month, now thinking BRRRR possibly and doing up here in the DFW area.