Condo's usually have high HOA dues which will eat into your cash flow.

The key difference, though, was he spent months carefully getting to know the local architecs, reputable builders, and even a couple of niche design firms that specialize in modern builds for mid- to high-end buyers.

Its money well spent land development is high risk high reward.. depending on Jurisdiction. 

Quote from @Julia Lyrberg: Hi Robert,Instead of investing in expensive coaching programs, I’d highly recommend diving into some well-regarded real estate investment books.

Some of the national data sites have pricing suggestions that run both high and low.

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Off street parking is typically more important for high end/expensive rentals.

There are a lot of markets with solid job markets, strong populations, solid rent growth, but when you are talking ONE property, unless you are considering highly rural areas, it likely doesn't matter.  

I require a high credit score 680+ and two prior landlord references.

Highly recommend @Lien Vuong she commented below and has helped a lot of our clients start of expand their investment property portfolio.