they are kidding themselves one needs to punch in 50% to 55% of gross cash flow for expenses then deduct your mortgage payments.. anything less than that will not play out over the years.

Anyone that has sold items privately would have countered any offer. 

Each mortgage we have about 250k left on.

Begin by targeting distressed properties in gentrifying neighborhoods, securing financing through hard money lenders or private investors, and focusing on cost-effective renovations.

As you consider a DSCR loan and mention breaking even, the whole underlying principle of the Debt Service Coverage Ratio loan is that the ratio needs to meet the lenders requirements, most of them requiring a 1.10+ DSCR which means Rent is 1.1x the mortgage payment.

If you have a self directed account and invest pre-tax money into illiquid assets like syndication or mortgage notes they will come in at a value of less than the principal.

Also add if you are getting any type of loan on the properties a Wyoming LLC will not make you anonymous as you will need to sign the mortgage in your name: 

If your rent ends up being comparable to your current mortgage, it might not give you the cash flow flexibility you’re hoping for.

They are sponsoring for the Non Recourse and it's up to the student to pull money from where ever they can pull it from, usually some kind of private lender 

Many likely have coverage for their mortgage balance or from many years ago.