I currently pay $1600 a month.

What are your thoughts on paying for mentorship?

(Not all pay all cash)Cash buyers wants to be found.  

Appraisals are subjective and don't necessarily reflect what a similar property could be purchased for if you're looking hard enough or if you have the ability to pay all cash and depends on how motivated the seller is and also the venue you are purchasing from or way you are obtaining title

Give it a solid 2 weeks before you sign up for anything or pay anyone any money. 

It's free, no pay wall etc.

Typically, tenants will pay all utilities on long term rentals, so that comes off your plate.

No one pays rent.

Going to meet-ups and telling people you are looking to invest in multifamily is good way to find a mentor if you don't want to pay for one.

Repeat: You use the $150k to pay off your initial investment of $100k purchase price + $50k renovation, essentially getting all your invested money back to move on to the next project.