Also, your property will need to pass a health and safety inspection by the PHA to ensure it meets the U.S.

I buy where it's safe, where people pay their bills and where I don't have to worry about walking through the neighborhood at night.I not limited by banks or by credit or by down payments.It's not the number of doors that matters, it's the profitability and safety of the investment.It's just a matter of mindset of how you get started in real estate and once you're satisfied with the way you do things, no worries.

Not everyone prioritizes cash flow at all times

I'd prioritize paying off the car after that.

I would not prioritize the 12 months of "guaranteed" rent.

FHA inspection, in my experience, will primarily look at safety oriented things, including chipping paint, exposed woods, hand railings, properly fitted windows, etc. 

First off, prioritize safety!

Enhanced Safety and Cleanliness: Implementing rigorous cleaning protocols, emphasizing hygiene, and adhering to local health guidelines will help build trust and attract guests.Embracing Technology also helps; automated booking systems, smart home technologies, and data analytics to for insights into guest preferences. 

Very rarely are people vigilant enough about anything to cover their *ss and consistantly ensure safety.

This next purchase is our effort to break out of that practice and get into small MFHs while still enjoying the safety of new construction with an improved ROI.