That means no HOA neighborhoods, which rule out many places.  3bedroom might make it tough to work, unless you're sleeping in the laundry or garage and renting full 3bedrooms. 

If you start in an affordable Sunbelt city like Birmingham or Montgomery, for example, you can acquire a turnkey rental in a B or C neighborhood for around $120,000.

I’ve personally house hacked in the Irving park neighborhood in Chicago with a multifamily so not completely relatable experience to what you’re looking to do but hopefully can provide a few insights.If you go with the suburbs in a SFH, you could rent by the room and presumably increase cash flow.

With room to enhance its value through upgrades, we saw the opportunity to deliver a strong return while helping revitalize the neighborhood.

Aside from the Debt-to-income ratio and risk benefits you've already mentioned, it also just helps keep everything organized.

Pick a desirable neighborhood where your home will appreciate and go for it!

Buy from a quality builder in a neighborhood which is going to appreciate.  

Today almost all houses in these neighborhoods are investor owned, with a high proportion of Section 8 tenants.

Flipping can be cost-effective due to lower entry costs and growth in neighborhoods.

I am looking at joining this organization and was wanting to know if what has been said still stands true?