That can be an issue.If the new investor needs such a small amount of money that shows the lender their level of financial expertise.

But there are different levels of motivated sellers.And I've heard DFW market is intense right now.  

Perhaps I should have phrased my previous comment differently...Of the facilities that accept Medicaid we visited in our area, none met our requirements.We chose a nearby non-Medicaid facility that's about $5.5k/mo for 2 ppl in a 2-room suite including elevated level of care. 

The hard part is getting there first and seeing the direction of the neighborhood before everyone else.I consider "A" as gated, upper class neighborhoods.

You can't mix and match.At that gross revenue level, it's very possible an S election and/or a Solo 401k make sense. 

I wanted a fixer upper and I wanted to "flip" it.

I do, however, recommend that you surf bigger pockets and brush up on some beginner level investing principles.

Other than a response of knowing what your comfortable debt level is, how do you decide how much debt to put on a rental property, if any at all?

Learn the system on a local level. 

It seems that if they are a certain level of established that it can be bypassed.