I've spent most of my time here on BP arguing that this is 100% FALSE ... you can still make profits investing in RE in expensive markets, and in my last 15 years of experience doing just that it can actually be MORE profitable investing in expensive markets.

If negative cash flow, how much in expenses (especially mortgage interest) will you be paying?

All in all, I’m at about $3000+ in expenses in 2-3 months of ownership, not counting whatever the cost of central AC issue is.

What are some non traditional but inexpensive ways to fund a deal?

And as you point out you could put an inexpensive MH on the property and rent it for a decent return, assuming of course you have access to utilities.Ben ( Another Ben R. !)

You can use Hard Money lenders, private money, your own saved money or even start with a deal that is in a relatively inexpensive market so the cash needed is low. 

The barrier to licensure is way too easy these days and there are a lot of fully licensed hacks out there.In this market, if a contractor is available to work in less than 2-3 weeks and they're inexpensive, start looking for the fish you smell. 

Because the properties individually were too inexpensive to get non-recourse loans, I went through a broker I found on Sense Financial's website, Mark Robbins/LRG, and he was able to set me up with First National Bank of America, which offered me good terms on a single loan for all 3 properties at 60% total LTV.How did you add value to the deal?

That's over $2,000 a month in expenses, leaving you nothing for cash flow.And I'm very conservative because I don't see how you'll get 100% financing for 6%.

This is likely cost prohibitive for a single property but can be inexpensive when insuring 5+ homes together.