I also require they get renter's insurance with a minimum of liability amount of $200,000 and I am listed as an additional insured.

HELOC can free up the additional 10-15%, but comes with a price (fees, higher rate, higher risk).It may take a while to save another down payment on annual positive cash flow from 1 property, depending on your numbers.  

If I understand the little I have read about the process, this is how it works:A regular lease is signed, just as for any rental, and in addition to that, a purchase option.

HelloI am looking for a general contractor for a 2nd floor addition on a ranch i just recently purchased for a flip.It would would be about 1000sf master bed/bath, 2 beds, 1 bath and a laundry room.I would also want to remodel extiour..I do not have any plans.I am in the north suburbs park ridge.Thanks jeff

There are a few additional research tools that I use that may not be as well know that I thought I'd share. 

I work full time in healthcare, and I'm starting this to hopefully become self-employed and financially independent.  

@Ryan Wright  When banks calculate your DTI ratio, they include the additional debt you will be taking on.  

Our buy and hold strategy is purely for income supplementation and to leverage into additional buy and hold strategies.

You can ask for recent pay stubs, employment history, rental history, and talk to their employer and landlord.

In addition to the tools listed, I use Google maps to also learn an area.