The properties I am looking at are on the MLS because I feel I do not yet have the skills needed for off market dealsThese numbers are even with a 25-30% down payment.  

Real estate markets correct themselves and normally on a localized level.

Every time that happened we increased our savings by 75% of the difference and our spending by 25% until our spending hit a level that we were comfortable with. 

Having experience building a business will help with your real estate investing, as you'll have the communication and organizational skills required to be successful.If you’re looking to invest long distance, I definitely recommend building your core-4 team.

Deja, In my experience a landlord who is exiting the business or wants to flip their SFH to level up to multifamily may offer a package deal. 1.

Hate to be the dissenting voice here, but if you fully disclose that your child would be occupying the property you might run into some trouble with the non-owner occupancy that is usually required with a DSCR loan - your child falls into the category of immediate family and many undewriters would assume that if your child didn't pay their rent, either you wouldn't evict them or you would pay the rent for them, which then affects the cash-flow on the property level, which then affects the DSCR. 

What a person calls oneself does not directly reflect on their level of expertise or how great their advice is. 

There are more factors to consider here but from a surface level, it seems your $ will go further in another market or perhaps locally with a different property type (i.e. small multifamily).Lastly, I like @Andrew Jennings Freerks' point regarding claiming hardship or another workaround for keeping your unit as a rental.

Hey John, I’m going to give you a bit of a different answer here, beyond the usual high-level stuff, I think your question goes deeper than something that can just be answered in broad strokes.

.- 74% of residents were born in Alabama, 37% of which are all at a higher level of education, with an associates degree or higher.