According to the managing broker, if I put my head down and worked, I could make $15,000 in my first 12 months, give or take, because of the process of getting my foot in the door with meeting people, advertising, and so forth.

But if you do manage to have the cash and find a cash flowing property you could finance the property with a DSCR loan as others stated.

We had about 200+ done in the last year for the properties we manage. 

My manager sends me this monthly Tenant Unpaid Charges Summary.

We managed to get seller credit via fixes to the house which is nice.

I have been told that banks don't look into condo documents when opening HELOCs and won't know or care about the obstacles to conventional financing.

Thanks I would look to AirDNA for this - they have long had pretty good (guidance, not perfect) rentalizer solutions for projecting revenue, but have recently added good info on expected expenses and the property managers in the area (for at the very least coming up with expected operating / management costs) etc

I agree and in regards to the perfect fund as someone who manages a debt fund:- Double digit simple interest yield. - This can be had, but understand that increased returns mean greater risk.

Partner 2: equity, cash flow, does all the property management responsibilities and operations. 

I tried bender rentals and property management I’ve been with them for 5 years , no problems and I’ve been getting my check every month, I tried almost all of those property management in Milwaukee they all crooks