The Book on Investing in Real Estate with No (and low) Money Down by @Brandon Turner: Mastering the mindset behind no money down investingThe best strategies for getting your feet wet without paying thousandsHow to attract private money, lenders, and partnersTips for overcoming the downsides to all the strategies mentioned in this bookFREE bonus e-book: “How to Find Incredible Real Estate Deals!”

Listen to Podcast #301 - The Incredible Power of Long-Distance BRRRR Investing with Alex Felice. 

The engineers at ReVision will help you calculate what approach will make the most sense for you.Also, if you have hard water, I'd strongly recommend AGAINST tankless water heaters.

Monthly payment $231.36.Zillow tells me that my PMI would be $237 if I put 5% down on this home (just an example).https://www.redfin.com/NJ/Bloomfield/34-N-End-Ter-...20% is $79,800 down payment5% is $20,000 down paymentNow, I'm trying to understand the pro's and cons of each approach.

Can anyone recommend a recourse that is a sort of a step-by-step approach?

There is quite a lot of variety of approaches.  

Also the strategy you use may not be the best strategy for someone else, and vise versa, everyone's situation is unique and need to be approached accordingly. 

Approach these meetings as opportunities to make personal connections.

I understand the appeal and your philosophical approach to the situation, but in the end you’re in the relationship industry (real estate) so I’d say also consider that perspective in addition to the numbers.

@John VuHave you considered a different approach where you focus more on the result you want to get?