In a perfect world it works, but we live in a far from perfect world. 2) I would use DSCR loans or Traditional Investment financing to purchase properties the slow way and make sure the cashflow is there with conservative calculations. 

It will be difficult for you to find an “off market turn key” deal in the traditional sense of cold-calling, driving for dollars or whatever other creative lead generation tools that exist for finding motivated sellers.

With the snow out now look for walkways that haven't been shoveled over a couple days (Good tip from @Jay Belcher)

I don’t have to deal with pool/ hot tub/ snow removal / trash pickup / gardening … Yet, my guests enjoy a well kept property with all these things.

Many thanks,If you are planning on traditional financing (like Fannie Mae) then you need to know the rules.

Hello,Traditionally I have always done 20% down for a rental property and tried to see if I can find anything on obtaining a loan that requires less than 20% down on a investment property.

I don't mind the cold, but the Chicago snow is just annoying at this point lolWhat areas are you investing out of state in?

I had bought a duplex a few months before and while it was a positive experience, traditional bank financing took forever so I decided to use cash for my next purchase.

Edit: My experience is Student Housing, LIHTC, Mixed Income, and Traditional Multifamily.

Tripping hazards, snow, dogs, etc. can wreak havoc on that situation.