@Patrick Lee What stands out to me is the fact someone who lives in Texas wants to renovate homes in PA and will be relying on a project manager/mentor who resides in NY 2 hours away.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $80,000

Cash invested: $10,000

First Investment, house hacking, fixer upper, using as core investment to bui...

Generally you want to get to at least $100k in loan amount with $75k absolute lowest for both hard money and DSCR - probably your best bet is to finance with cash or private money investor/partner on the first few projects until you build up enough capital to get to those higher amountsPS - you mentioned a lot of reading and learning on this, on the chance you didn't see this article, check this recently published BiggerPockets piece I did on your exact topic - Pros/Cons/Options of financing BRRRR strategyhttps://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Do not put more down if you can save it for renovations or to keep as an asset since its better to be cash fluid. 

I am raising for a new BTR project in Greenville SC.

Typically when the listing is fully renovated, the seller has to get their money back out to pay the underlying loans whether that is a hard money lender or they need to pull out cash to move on to the next deal.  

Also, the Brooks Bridge is being rebuilt (big project that is eventually supposed to make traffic issues better), which is causing some concern with some investors.

The bank has agreed to place a second mortgage on it, allowing me to use it as collateral for other flipping projects without needing any down payment.

You can obviously continue using cash to buy your investments, but there are a number of options you can also use to finance both the purchase and then renovations that will require you to use less of your own money.

As a local investor and full time agent I can definitely help by being boots on the ground for your out of state investments and recommend contacts for your new construction projects.