Lose that tenant and it's not only more difficult to re-lease but also the lease terms may vary more significantly than a single-family home re-lease.Asset Value: A 80% LTV $100K SFH in "C/D" zero barrier neighborhood is different than a 80% LTV $1M SFH in an "A" market that has strong fundamentals.

unless you're planning on BRRRRing, if you use a HELOC for the down payment and another loan for the rest you will just lose money, as the property likely won't be able to support all of the debt.

Asked this same question a lot--here's my two cents--first define what you're trying to work towards & when you want to get there--a lot of people want passive income with minimal effort then get upset when their "sanity" currency becomes over leveraged--check out Robert Allen's shift--he started as a massive creative financing & BRRR promoter then went the turn key route --DM if interested, can expand 

I have seen too many investors try to save on commission fees only to lose money on their first deal.Contractors: It is vital to have at least three contractors you can get quotes from immediately.

Since not everyone can tour in person, offering a quick FaceTime or video walkthrough can make all the difference.At the end of the day, leasing specialists need to think more like Realtorsto close the deal build rapport, stay consistent, and keep following up.Keep going, landlords don’t lose momentum, You got this!

I do not recommend trying to start off with a BRRRR - probably the hardest strategy to pull off successfully and lots of seasoned investors (with lots of deals under their belt) still lose money because of unforeseen issues that pop up. 

The owner still loses the house.

Not sure what the market is like in your area but I would not bet on appreciation at this point in our real estate cycle...If he decides to call the balloon payment, you will be forced to find emergency financing or lose the property and everything you put into it. 

People can never get the time back it took to read your post! 

if it doesn’t cashflow how many months can you afford to make the payments personally before you lose your DP?