If market appreciates you can get a HELOC on it or cash out refi in a few years to scale faster.

So, if a tenant is paid on the 3rd or 4th and initiates payment on the 5th they do not incur a late fee. 

I figured if I get a decent deal on a turnkey property that has at least 3 bed 2 bath I can prob rent for 2k a month give or take depending on the amenities and make decent cash flow. anyone else have any experience with renting single family rentals in this area?

DSCR can cash out 80% even on 2-4 units, but I was referring to OP's request for HELOC on investment properties To further clarify my previous post: 80% LTV HELOCS on investment properties are available on single family homes, 75% LTV HELOCS on investment properties are available for 2-4 units. 2nd position?

Quote from @Hillary Buckingham: I would say going on a team..

he does some incredibly detailed walkthroughs on BRRRRs and flips and he covers the types of costs that are often overlooked. 

Congratulations on such a successful management company. 

@Chris Hampton big congrats on getting your first property under your belt! 

I am looking to buy my first investment property and have seen strong fundamentals in Indianapolis (job growth, population and median wage).As an out of state investor, I am looking to connect with investors/agents in the area to build further knowledge on specifics with the markets and hopefully bring business to in the future!

Purchase price: $105,000 Cash invested: $25,000 In 2016, I saw an ad on Craig's List for these 2 townhomes.