I realize I have more units and more points of contact, but you get some economy of scale with all units being in the same place. 

People who had bought more house than they could afford, or whose circumstances changed when the economy went south, lost their homes because they could not afford to pay their mortgages.

Although the 4.5% IRR is the base case scenario with no inflation at all, a bet I wouldn't want to take on the general economy.

Lenders also have a lot of other things they'll consider like:-Property Location -Local Economy/Population Trends (Figure you want at least 25k people or be nearby a city of over 100k)-Zoning - Building must be properly zoned for the amount of units it has-Experience (you have enough experience to qualify for a multifamily investment)The truth is there is no one size fits all answer because every lender has their own guidelines which is where a broker comes in handy. 

Always multi-family so you have an economy of scale.

you get out of the major metro areas and Oregon economy is pretty poor by and large.. its roaring in the metro areas..you could look at Eugene and Roseburg as well.. 

That's why I am interested in buy and hold even in a down economy my theory is at least I can cash flow.

This is also likely to be at a time when the economy is poor and your own day job may be in peril.

It's a sign of a strong/growing economy and an indication that the Fed believes they need to keep inflation in check. 

Another point, the economy of scale always works best with MFH.