No matter what, if this is your first investment property deal, you will have to have some "skin in the game" with anywhere from a 10% to 25% down payment, plus closing costs and required reserves.

With monthly extra payments, you make consistent progress, save on interest, and stay motivated, but it requires steady cash flow.

This allows you to use the same money to buy another property, and another (hence the "Repeat" in BRRRR.If you buy something that is turnkey, it requires less time and effort on your part to get rent ready (essentially zero).One isn't necessarily better than the other.

You have to learn a little bit.There are ways to get into real estate with little or no money, but they require more education and financial discipline.

A 506b structure will require you to have an established relationship with the sponsor. 

Like many investors, investment requirements can be prohibitive to oceanfront or oceanview properties. 

I did put in all my channel descriptions "Host requires identity confirmation before check in".thanks, Paul (from VA Beach)

Doesn't that require BOTH signatures to sell? 

Currently, I'm in the process of setting up my entity (C-Corp/GP/LP/LLC), and I have a few questions:1) What is the required down payment, and which documents are necessary for the financing process?

You should definitely ask what he/she meant and if it's a suggestion or requirement based on the amount of properties.