There are very low down payment options with seller financing and sub-to deals.

Which I own with partners. https://www.loopnet.com/Listing/1321-Kari-Lee-Ct-Las-Vegas-N...Is a 5plex, bought for 710k, 30% down with a DSCR loan with interest only, means 213k down payment + 5k closing cost.NOI is around 40.5k.

You're absolutely correct, it's best to pair with the BRRRR method so you can pay all or most of it back after a refi.If not, you're just dumping 25% down on properties and having to service a line of credit at a higher interest rate.

If she says she wants to come up with payment plan, can I do that.

We have found deals by door-knocking, mailers, sms, cold call, ppc, facebook ads, agent referrals, wholesalers, and a few other methods.

At best the optionee's payment for the option might make him/her an unsecured creditor in the estate.

All you need is a single place to track tenant information, payment history, maintenance, and a few other things.

No payment goes out without one signed/notarized.As a flipper you shouldn't need any traditional tools.

On time payments, late fees, damages, pets, who lived there, dates, amount of rent, and the secret weapon only if they ask (would you rent to them again?)

You might suggest to him to switch to a direct-deposit method of sending you rent in order to make sure he never has to worry about it again (you might even sort of insist on that.)