If you can't get to the 20% down, I think your best option is definitely a house hack, preferably on a 2-4 unit property so you can live in one unit and rent out the other 1-3 units.

Planning on renovating and renting at market rates.

A 6-7% vacancy rate might look tempting, but it’s important to keep an eye on any new developments, like Build-To-Rent apartments, that could pop up in the neighborhood.There’s also some research* out there showing that average vacancy rates across Metropolitan Statistical Areas (MSAs) have ranged from 17% to 10% in the past (95-17).

Reno, NV has seen major investments in EVs and data centers along with the lithium loop with little increase in housing inventory in the MF or SF classes. 

currently fully rented and waiting to collect!

Each new property or business increases their (and your) risk exposure.The LLC helps a catastrophic loss from bleeding over into your other properties.

Rents rise.

Not willing to show to applicants I've received as they either can't afford the rent/don't make enough, have multiple evictions. 

The market rent puts all three together at approximately $2900 monthly.Now here are the details and costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP. 

A recent study showed it was initially cheaper to rent than to buy in 97 of the largest 100 markets.