Additionally, there is a powder room adjacent to the living room.I am keen to understand the market desirability and rental potential of such a layout.

I had a seller come back to my broker on my LOI this week that "I am not a serious buyer" because I didn't want to pay a 5% cap rate on annualized T1 numbers, since I was 10% below his desired price.  

A and B class communities which are very desirable are considered low risk.

Don't get me wrong there are plenty of lazy retail brokers out there, I run into a bunch of them every day, but the vast majority of locations I see sitting for along time are simply less than desirable because of the visibility, ingress and egress, or something else all together. 

I built up my runway and have the skills to buy and rehab in a desirable area near where I live and work and then hopefully rent two rooms out to roommates while saving for my next house.I’ve been watching the market for two years now and know which houses are good, what they will go for, and how quickly. 

Investors can choose properties that align with their risk tolerance, investment objectives, and desired geographic locations.3.

So I just closed on my first rental property and have it posted on Zillow, it is in a desirable area and I priced it competitively when directly comparing it to other listings.

I can see buying a cheaper property in a less desireable neighborhood but I'm thinking it'll still need to be rehabbed.

I guess you could say he's as inexperienced as me, and not use to seeing this as well.The areas I'm looking at are more desirable than most.

They're personalizing it, turning every listing you see into a mirror of your own dreams and desires.