If you set it up in a business name then you pay less taxes on it and you can write off many of your expenses that apply to your real estate investment business and that will help you personally.Best wishesIt is not, but I have also found another opportunity in St Thomas, and I'm investigating now.  

I'll investigate if this may be working for other RI's in my area.  

This is incorporated into your offer right away, so do your homework and make sure that you get a good contractor since you don't know what you are doing (over time this will change, as you do more and more houses.)Finally, do a title scan when you sign the contract, a preliminary title search takes like 1 day.

If we happen to buy in a market served by Roofstock, we may investigate as an option, but it's not a hard criteria.

My preliminary numbers have DSCR at 1.23%Question: How best to fund downpayment?

I'd investigate some other options where people have paid, which increases their buy in. 

To find out if a place has these laws, talk to local property managers.The metro areas that remain are the ones to investigate further. 

I recently started investigating Micro Flipping and would like to hear from anyone who has heard good or bad information about it. 

@Trevor Aydelott- glad to hear you're investigating Des Moines.

He is under investigation by the state for a deal that went really far south.I would talk to @Drew Fein