The 1% is meant to represent a point where the rental is likely to just barely generate some positive cash-flow.

The programs are created for investors who buy distressed homes, repairing them and then either selling them or holding them for rental income and flipping the hard money loan to a long term DSCR loan where the rents will underwrite the loan.Program availability vary by state.

A few ideas for lead sources:Drive for dollars, then cold call the list.Get a list of houses in foreclosure from court.Try to get the "hard to get" lists (ie, where you have to go in person, not available online). 

These areas are not overly regulated yet, with the most restrictions I’ve run across so far being they can only STR for 120 days a year, or the rentals have to be a month at a time.

(They are no longer taking the high risk of insuring rental properties in CA).

"As a third-party online payment facilitator, Innago is required to collect tax information for any taxable entity that receives more than $600 in payments.

We do 20 Flips/BRRRRs per year and use these tools:Underwriting - DealCheckCRM - ClickUpProject Management - ClickUpBookkeeping - QuickBooks Online Plus Team Communication - SlackFile Storage - Google Drive

@David S.Very limited info, but here are my thoughts...You're right about how much supply is coming online in Nashville.

You need thousands of dollars in reserves, per property, to make it with rentals.

When you zoom out and look at the big picture every rental property needs a total gut rehab every 30-50 years at about $50-$80 per square foot, which will long term wipe out all your cash flow and then some if you don't have corresponding appreciation to offset.I have been investing in Milwaukee for 15 years and it took me a while to see this pattern.