Shop around and you will find that some require $1k-$2k to start, while others may open it for much less if you establish automatic regular monthly contributions. 

If you find a duplex-4 plex for that price or cheaper live in one unit for at least a year to qualify for fha. you will get better interest rate compared to a regular conventional investment loan AND YOU WILL BE HOPEFULLY GETTING YOUR MORTAGE PAID AND SOME EXTRA MONEY IN YOUR POCKET EVERY MONTH.

If you can't find a regular real estate meeting, start one! 

I understand both of these are a bit more hands on than regular buy and hold.What systems/strategies do you use to minimize headaches?

A letter of intent wasn't necessary on these smaller deals and you can use a regular realtor and submit offers just like you can on 1-4 unit properties.

@Joe BeYes, you can purchase a probate property through the regular MLS purchase that includes not only using the regular purchase agreement but also the probate purchase agreement.If you do send marketing material to attorney's remember that the probate attorney represents the PR (Personal Representative) and the PR represents the estate..

Wash.

Generally, if you feel they are so high risk that you need a double deposit plus the regular rent, you probably should be seeking better applicants. 

PPP guidelines as relates to single-member LLC who do not draw regular W-2 salary.

@Meaghan SimonichThe different pain points vary from commercial type.Retail- Depending on if it essential, a lot of retailers are begging for rent decreases or can't pay at all right now, and for retailers that do not have a internet presence, it is making it tougher to compete.Self Storage- Keeping the site updated -security, more automated features for tenants (Pay by app/kiosk, automatic gates, maybe more amenities on site (wash station, air hoses, etc.)Industrial- Longer lead time to find good tenant.I wish I could comment more on some of the additional commercial classes, but these are the only ones I have experience with.