(Causing them to sell their houses cheaper to get away from the never ending noise of the TV/stereo on all weekend, and until late at night in the outdoor room next door.)

If you're willing to travel to the high desert you can get into deals for below 300k in cities like Victorville and Apple Valley.

 I think you would need to compare apples to apples.  

You might consider adding cable tv in the future.

In short - hottest area now is where Apple is plopping a billion dollars (NW Austin). 

. - Now with TV shows glamorizing flipping it seems that anyone with a few extra buck is trying to get into the game. 

Trying to compare them with Fannie Mae loan is like comparing apples and oranges.

I spend an hour a week (if that on my rentals) and I am getting to the point where scaling from my couple now to 20 or 30 plus rentals will be very doable.Of course this is all moot since you’re comparing apples to oranges.

Apples to oranges.

And remember NO one is going to go without TV and Cell phone