The larger the spread between the cap rate and the cost of debt, the more leverage I'd use while keeping an eye on overall risk balance.  

Are you eyeing the vibrant real estate market of San Antonio for your next investment?

It helps to have another set of eyes on evaluating the deal since most of the lenders I've worked with won't lend on the project (because they want to protect their own investment) if they don't think it'll be a good deal for the buyer.  

I'll keep in eye on that, because I think it's been kept as it is since it was build.

Really eye opening.

I will keep an eye on that.

Your primary tenant should be your eye's and hears of the household, but I wouldn't give them duties of your responsibility. 

Eagle: Hey @Steven Silbert!

In the eyes of the law, any legal conflict between you and your guest will be treated as a landlord / tenant conflict even if the rental is a room in your own home.  

A 6-7% vacancy rate might look tempting, but it’s important to keep an eye on any new developments, like Build-To-Rent apartments, that could pop up in the neighborhood.There’s also some research* out there showing that average vacancy rates across Metropolitan Statistical Areas (MSAs) have ranged from 17% to 10% in the past (95-17).