Your opinions/experience on this situation are greatly appreciated.

Quote from @Andrea Russin: A blanket loan would be a good way to spread the equity however it would limit your ability to easily exit one property without restructuring your loan.

I don't have one.

It’s one of the few places where you can realistically achieve solid returns without needing a massive upfront investment.If you’re open to exploring other markets, Detroit might be worth considering.

Quote from @Keegan Darby: Hi BP - I’m seeking advice on a property I own. 

I would only underwrite based on actual rents not proforma.

One of my investment properties in El Paso is a SFH currently renting for $1,100.

I see neighboring properties of mine that are a comparable size and I know they use dynamic pricing of some kind, but no one has exactly the same price as me.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

I rent to one couple or small family for the full rental period - no less than 2 months and no more than 3 months.