I would probably need a hard money loan, not sure what carrying costs would look like.

My reasoning is because they could decide to move in and then you would need to evict them.

Your muscles will be sore every day, you will see people doing much better than you, and you will constantly fail.

Thank you very much.

Do not buy a trailer park without experience and that money isn't close to what you would need.

Also keep in mind that if you are looking to BRRRR these properties that there should be a decent amount of need for rents in the areas you're working.I do offer BRRRR loans for the rehab and refi's as well so if you did want to see examples of what pricing and required liquidity may look like at different exp levels I'd be happy to help however I can.

I’d like to buy a condo as a LTR but I’m going to need the rate to be around 5 for the deal to work. 

They want to buy a rental property and are meeting with their CPA and lender to determine how much income they need to show to qualify for a conventional loan on an investment property. 

I need a checklist of some sort.

But you need a lender who will work with it.