With respect to the first option you mentioned - regular 80/20 loan with 2nd mortgage to cover the remaining 20% - are you saying you can do 0% down without PMI or would the second mortgage likely be 15% or something?

He kept track of hours each week and I issued him regular checks and generated a pay stub and W-2 for free. 

In October 2020, we launched free tools for collection of missed rent, security deposits (installment plans) or regular rent.

The policy is about 2x the price of other regular policies, but I'm curious if you've seen the value or if you've found a better/cheaper solution?

Maybe look at some of the Destin properties if you like Florida or a regular every day long term rental in a better market if you want less work. 

There are many benefits of real estate tokenization versus traditional methods of investing in real estate. 9 Benefits of Real Estate TokenizationIncreased Transparency - Investors are able to know the property’s value in advance since there are regular updates to the blockchain-based system.Access to Capital - There is an increase in capital flowing into a project since the property can be fractionalized more efficiently allowing for more investors to participate.Diversification of Portfolio - Fractionalized shares allow investors to invest in multiple properties as well as internationally.An Investment backed by Collateral - Real estate tokens offer considerably less risk than cryptocurrencies since the tokens are financially supported by tangible property.Constant Oversight - The real estate token’s value shouldn’t fall below the net asset value (NAV) of the real estate assets due to regular checks and balances to ensure stability.Increased Pricing Accuracy - Since discounts due to illiquidity will be largely decreased, the price of the asset will approximate its real market value.

I have less of an issue with the initial charge then the success fee particularly if that sits on top of you regular management fee.

When you have scale, buying something at or near market value can make more sense than if you have 1 or 2 as it can plug into your existing systems seamlessly.The key systems I have benefitted from are proper tenant screening through credit/background checks & references, online rent collection, regular maintenance visits, strong leases that will hold up for collections, reliable contractors, & regular punch lists.Reliable contractors are hard to come by and when you find ones that stick, treat you fairly, and respond promptly don't forget to value them.

What us "regular" people do is we take our gross rent and then multiply it at 85% or 80% (depending on what metric you want to use) and THEN we calculate our cash flow.

I write specific goals I want to attain by such and such date.