Greg, if your family dynamic allows it, you can find a cash flowing deal and you're up to the task of being an effective landlord, then think about small MF. https://www.fhfa.gov/DataTools/Downloads/Documents/Conforming-Loan-Limits/FullCountyLoanLimitList2018_HERA-BASED_FINAL_FLAT.PDFProst!

For any kind of investing that will be time sensitive, involve multiple assets, or assets that generate a lot of transaction activity, these checkbook plans will be much more efficient and effective in terms of time, paperwork and expense.As I noted, there are several quality providers of both types of services here on BP.

$511 after expenses would probably turn into negative cashflow when you account for vacancy, repairs, CAPEX (although that will be lessened if you are replacing the roof upon purchase), and property management.

@Jacque Sacramento no negativity please.

To further my understanding, the issue with that is that I would really have negative equity right?

Aside from that and other scenarios that lead to cash flow negative real estate, and assuming no changes in employment, DTI should never be an issue with a real estate investor.

@Christopher Petersen unless we have negative population growth there will be at least as many people as there are now, and if we did have negative population growth it would have a much larger impact on things like Social Security than RE. 

Standard dimmers will be underloaded in most LED applications, exacerbating flickering and strobing effects, which, in turn, can drastically shorten lamp life.

What is the most effective form of marketing? 

If a 3rd party buys the property at the trustee sale, typically that investor or its agents will effect a cash for keys arrangement.