It's the exact same business model. 

Closing costs could be 5-10k in SJ so confirm those numbers, and then make sure your rehab budget is independently verified.Next, assuming your mortgage balance is $129,000 based on the model, and you aren't living in the home, expect at the very best a 4.5% rate, if not higher.

However, the good news is if you continue looking for lenders, any additional mortgage lender inquiries within a relatively short window of time (generally 14-45 days depending on the credit scoring model used), will all just be scored as a single inquiry because it will be assumed you're "rate shopping".You can read more about that here:https://www.myfico.com/credit-education/credit-reports/credit-checks-and-inquirieshttps://themortgagereports.com/22895/multiple-credit-inquiries-mortgage-rate-shopping

There are valid reasons for raising the rents, and it does suit your business model.. 

, what the loan type was (Better hope its not an equity line), what the original terms were (Better hope it wasn't modified), whether there was any previous default, any capitalized interest, any change in terms, any forbearance, deferred fees, property inspection/preservation costs, and so on and no, none of that is public and so no, nothing can be modeled in any calculation assumption for all of those variables so it's all a guess and while some of these entities do a good job of guessing and making their assumptions, still, at the end of the day, it's all a guess until the NOD gets filed and after that, it's all public and free and the whole world knows and even then, it changes daily and you don't get any updated information until  the NOTS or judgment and by that time, too late.

Yes, it is a simple business model - rent metal sheds on concrete slabs to folks so they can store their treasures; buy it by the gallon & sell it by the shot; plus (or should I say "minus") no toilets, no tenants, no trash. 

I coach people in buying rentals using the BRRRR strategy or using the BRRRLO model which is the BRRRR strategy but using the lease option instead or just renting it out.

Unfortunately, the people providing this misinformation either have a service to sell and provide an extremely biased model, or more likely are nowhere near the experts they claim to be

You can essentially follow this model over and over.  2.

With PM, the margins are small so just because you find a single operator that seems like you can trust, the reality is you are putting your investment into a single person's trust and without volume, a most likely not very profitable business model.