When I give examples, using numbers with "$", they are NEVER guesses...they are always based on current numbers I gave in front of me at that time.The 5 to 1 valuation is based on 20% down.

To be clear I am not doing this until after i have met the tenant, talked to them, asked probing questions and they have seen my house.  

He's also very good at and willing to support your needs, as a remote investor, by facilitating inspections and access to the property for estimates, etc.Feel free to PM me or email me at my private email address below, if you would like his name & number.

When I got the phone call, I was in shock because that essentially puts me at pulling $544,000 in straight cash and netting $291,000 after I pay off the HML!

If you can build equity or there’s enough meat in the deal, they’ll finance it.

So to answer your questions (with the right demographic & property) YES, there is definitely [much] more than enough meat on the bone   

The problem is, we (as in me at least) are looking for something under $200,000 we can fix up and lease for a reasonable sum.Those deals are far and between it feels. 

Finally, I sold the property to the guy who bid against me at the auction for $250,000.

That'll put me at 6 total mortgages in my name.

Varies depending on size, would need to refer to another document I don't have with me at the moment to accurately share.