I was having a chat with a co-worker over Slack about ways to keep costs low in rentals.

That way you mitigate any market risk by buying when it's low, buying when it's high, and buying in between.As long as the property cash flows, I really don't care what the value of the home does. 

Are lease options a viable way to get into RE investing with no or low money down?

My main interest is the low interest mortgage.

My market is very low income.

I drove around today and narrowed down some low rises. 

Low taxesMost of the houses are being renovated / elevated (from Hurricane Sandy.) = low flood insurance2 minutes away from the booming Long BeachThoughts?

Hopefully they can be as competitive on rates and low closing costs like the regional has treated me. 

You have property taxes of 2000  and insurance of 276/yr (which seems low).

.- no fee/ low fee realtor brokerage (commfree, 1% realty etc.) - actually they charge more than what it shows in the ad.- direct marketing through kijiji, facebook, reach out to my real estate investor friends for direct sale or another rent to own - this is what I am doing now.- 1% fee realtor website (bodecanada) - this is pretty new and I start to put my property there- rent out to tenants - this is what I am doing nowMy property is half duplex with illegal walk out basement suite so I rent out upstairs for $1200 and basement for $700.