@Polat Caglayan very ambiguosu question, but read the helpful info below to guide your next set of questions:)-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I'm looking to purchase a single family home as an investment property (buy and hold strategy).

It depends on where you want to live, income, personality, and other factors.You could buy a large home and rent out the individual rooms to cover expenses, but this comes with problems.

That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.  

Do you want to be solving tenant issues, buying properties, problems at work, etc. 

Buy in an area you want to live and renting to the people you want to rent to.

They are sure cheap to buy and build up.I thought of building a place out of a part of a 747.

Fico while they will look these are not credit score driven loans like those buying rental houses or houses to live in...

Investment Info:Single-family residence buy & hold investment.

Don't buy those types of homes, they will take a long time and not sell for what you were thinking it would sell for!