Purchase price: $135,000 Cash invested: $65,000 Sale price: $345,000 Had an opportunity to purchase this property from the owner...I own the next door home, it is an Airbnb.

Some places are cash, some no cash, only cashiers checks or money orders. 

You can remotely monitor the property and address any potential issues quickly.Automated tasks: Smart lights can be programmed to turn on/off automatically, saving energy and adding a touch of security by creating the illusion of occupancy when the property is vacant.Consider using a smart home hub like Google Home or Amazon Echo.

so your saying can't legally do a double close in denver with no cash of my own?

I need to pull cash out. 

Rent-by-the-room properties can be absolute cash cows, but proper systems and management structure are crucial. 

Julio - Have you priced out a DSCR cash out versus a Heloc yet?

But what if you have limited funds, even after budgeting, saving, etc, and will continue to have limited funds for the foreseeable future? 

A wealth on information for me in your reply that I am saving and will apply. 

If you're already living there I suggest saving your money and just having them sign it in person.