Some of these I can find in the PM contract they sent me to sign (the we only get paid when the tenant pays), but the other two aren't explicitly written into the contract. 

Depending on where you are purchasing and other criteria, you could use a USDA loan and do 0% down.Lastly, major banks aren't the best choice, necessarily, for loans anymore. 

@Ben ZimblemanI know you guys in south NJ aren’t big on attorneys, but i would use one to get the paperwork setup and filed correctly.

I'm lucky to not have any tenants that aren't paying their rent due to Covid-19 reasons, but I've been seeing a lot of emails from various county governments offering financial assistance for Colorado residents. 

Most of these guys are lone wolves aren't they?

Most lenders aren't going to be much higher and once you associate costs, it won't be worth it. 

We aren't opposed to any idea that is realistic, we aren't in a hurry either.

Cheap properties generally aren't going to have extensive rehabs because their isn't enough meat on the bones.

I think you have a pretty good grasp of things, but if there aren't many STR with your capacity you may be under cutting your own prices without knowing.

Most if not all good deals never make it to the investors of which aren't licensed,  At least that has been my experience.