@Eric Miller Choosing between one $600k property at 70% LTV and four $300k properties at 95% LTV depends on your goals, risk tolerance, and management capacity.

My suggestion is to build a spreadsheet and include the net cash flow to you for every month of the deal, then use the IRR function to figure out your return. 

To answer your question condos are better if they allow it but if you want to hop right in it with less risk I would go for a house or multi family deal.

We choose 20% since we would be out of state / wanted to be conservative but can adjust downwards.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Peterborough.

Why would companies choose to set up new operations in a high operating cost city?

Tenant screening is challenging and you have to have the right process in place to make sure you choose wisely.The main thing as many said, this shows a red flag on the amount.

I’d look at properties that are already zoned multi family, much less risky.   

What I do have is relentless energy, focus, and the drive to succeed in real estate.I’m diving headfirst into multi-family and commercial real estate because I know this is where true wealth is built.

They are rules of thumb we use to function day to day because the FACTS are too needlessly complicated to use to make every decision in life.