Just find the right properties that have existing tenants or find one that is way below the value once you sink some money into it.I personal just fixed a sub floor in an place and I thought new floors would cost me doing the work myself around 1500. 

I will post when I have confidence the sales data reflect reality.

They could give it you, but then they’re paying the taxes on it as income.An agent can lose their license doing that, by state law.You’ll see all kinds of illegal, unethical advice and a variety of schemes on YouTube that just don’t match reality.  

Always look closer for the stained paint, chipped sinks, and other signs of neglect that brought the price down from what it could be.

Often times realtors will advertise a property as being "cashflowing" but in reality after cap ex, vacancy, management fees, it does not produce as well as you think. 

The problem that I'm facing is the reality of whether this would possible or not.

In reality with all things being equal your 100% of 20K is back in 40 months, after that your return is infinite.ROI is more the entire investment.  

Make an offer on a 3 bedroom 1 bath house in a desirable popular neighborhood that has a finished (non-permitted) basement w/ a full bathroom, sink, separate entrance outside & washer/dryer.

Everyone talks about capital and property management but, in reality, those are irrelevant if you don't have good deal flow.

It will return a result that literally does not reflect reality, namely, it will say I only make about $5k/mo.