Money is getting tight and tenants are looking for what fits their budget, not the amenities they can afford. 

We could potentially afford a relatively good property, we have about $50K to $60K towards a down payment (not great, but good).

The tenant's finances determine what they can afford.

A lot of investors based in markets like New Jersey are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

With a 4% rate on the seller-financed deal, you'll want to compare current market rates to see if refinancing is affordable and makes sense.

It is a shame that the people that really can't afford the investment that these courses and gurus demand are the ones that can least afford it. 

Maybe MTR is a better strategy for you because you will spend less on furnishings (affordable, durable, and no amenities) and have less tenancy.

Furthermore, this rule may be disregarded as investors become more creative.For instance, if investors intend to buy and make a long-term hold play, betting on appreciation, they may be able to afford to pay more.

The mix of affordability for tenants and upward trends in neighborhood development has kept the rental demand strong, which is key when looking at any rental market.Appreciation Potential: While cash flow is a key consideration, many parts of Detroit are seeing appreciation as revitalization continues.

Can you afford to pay back all the rent your tenant has paid?