Or, depending on the property you could go non-QM with like a DSCR loan and close in an LLC or partnership.

Many from non-EU countries, and because of Brexit, some brits here that don't want to leave. 

If you really want to get rid of them, sweeten the pot by offering to return their deposit after you verify the unit is empty with no damages. 

The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.

It might not be the greatest return ever, but it would allow for some revenue to come in when it is vacant.Thanks for your input!

If you want to start a fix & flip business that allows for bigger returns but bigger risk, that's another. 

What kind of questions should I be asking and what kind of a return should I get? 

@Chinku Chinku the rich get rich by making their money work for them.They borrow at one rate, to invest in something that returns a higher rate - they profit on the difference.Only you can evaluate your risk tolerence though.

I did not start buying investments for another few years as I concentrated on building my sales funnel and getting those two years of tax returns done. 

For rentals, focus on cash flow and metrics like cap rate (target 8%-10%) or cash-on-cash return.