Remember, however, that there are many steps from offer acceptance to closing, and if you’re not familiar with the process, it could be much more costly to not have an agent to assist you, at least until you know what to look out for.

Hi Vadim,There is a conventional/FHA program called a '203k rehab loan' which allows you to purchase a property and wrap in ALL renovation costs INTO the mortgage, so in your example above, the total loan balance would be around $70,000. 

The potential is there but you have to buy a new house to get it.

If they didn’t know there were closing costs then they probably don’t have the experience to receive 100% financing lol 

Yes, there is some gain. 

2- are there specific markets to look for if one is looking to get into a pre-boom market?

While visiting the house, there are numerous items which need remediation including flooring, light fixtures, landscaping, some drywall work.

The information about basic real estate investing has been democratized for quite a while, and I can't imagine there are any deep dark secrets being shared there that will get you rich quickly. 

I know the rates have come down a little bit so I was just wondering if there are any lenders on here or if anyone knows a lender that does 10 or 15 percent down on DSCR with similar rates.

I think most will revert back to SFH or LTRs, but there will still be some recycled back into the STR market as new hosts come in.