Thank you  For DSCR Loans you are going to need to be 20% down minimum, however if you can qualify with conventional or maybe some local financial institutions (or go true private money), you may be able to find a higher leverage option

(eg. a 23 y/o property is likely to need more CapEx than a new build with warranty). 

Their "tone" is so off-key that they stick right out.This forum has the ambience of a room full of peopletalking quietly in hushed tones, and then theycome in and shout -- HEY EVERYBODY!

You're going to need to start small, work your way up.

First question is whether you will be targeting buy/hold investors who plan to use the property as a rental or a flip investors who plan to buy and resell.Obviously, if you're looking for investors who will be reselling, you are going to need to ensure that there is still a good bit of equity remaining in the property when you sell it, and given your numbers above, it doesn't appear you're doing that.Which leads me to believe you're looking to sell to investors who will use the property as a rental.The issue there is that the rehab you mention above ("...updating the kitchen with new appliances, cabinets, and countertops where needed; updating the bathroom with new vanities and showers where needed...") is probably overkill for a rental property.So, you are going to need to decide upfront for each property whether your exit strategy is going to be first-time homebuyer or investor, to ensure that the rehab is suitable.Also, keep in mind that if you plan to resell for $170K to an investor, you need to ensure that economic rents in the area are at least $2500.

Same thing with looking at properties with “For Rent” signs posted in the area of your interest, particularly if the property appears to need some work.

Expect to need to put down 20-30% and get a loan for the rest.

I'll keep the forum updated when I get rolling, cause its going to be the most nerve racking/exciting time of my life and I'm going to need all the help I can get.

The key is that you are going to need to be able to make a spread in what you are paying and what you are collecting each month.

But you're going to need over two million to pull this off with cash.With two million in cash available you could fund rehabbers with hard money loans and make 10-12%.