Everyone prefers that, even when going through the Jungle. 

There's a lot of people right now that don't qualify as you have pointed out so we will cut deals for longer lease terms for those individuals that do qualify. 

Choose non-judicial foreclose states with pro-business laws like Texas and Georgia.I have several high worth individuals who fund rental RE in GA earning 7-8% APY on 5 to 10 year terms.

It’s structured as a syndication, 60/40 LP/GP split with a 7% preferred return.

Preferred returns would even be acceptable but not a straight interest rate play if the lender understands the structure. 

Overland Park, KS vs Kansas City, MO) Very landlord friendly, worst case eviction is usually 8 weeks + $500 + lost rent (cannot comment on individual cases and this is not legal advice) Large diverse metro area - variety of jobs, companies, people can have a career in KC.

You may be profitable, but I'd prefer to avoid the possibility of having to do unnecessary repairs or not holding my tenants accountable for damage when I know their actions might have caused any unforeseen damage. 

Don't sell anything but awesome community to be around like minded individuals

Welcome to BP - I'm sure you'll learn a lot here and connect with other individuals who have the same interests!

I would also caution if you are intending on a vacation rental be very cautious of the individual town restrictions.