That being said you are in a great situation with the size of your income.

NOI, and thus cap rate, feeds into how much of a down payment is required b/c it feeds into the "sizing" of the loan.Many asset classes, like apartments and offices, have less than ideal in place cap rates today, so you need 35% or 50% down to buy them (unlike a DTI-based home loan, your personal W2 income cannot be used to significantly offset).

Specifically, do mid-sized to small towns outside of big cities have sufficient rental demand for rent by the room?

So this is my first time us a hml. what is the size of the loan?

If it's a good-sized outfit, they'll get a lawyer on the phone to tell you that they've done this a million times and they're certain to win.

I may still have their rental data, if you'd like to see it.The size of your house will make a big difference on your success in Rocklin as well.

The rule of thumb can be useful for sizing something up to determine if it's worth investigating more. 

Generally stay away from 3 bedrooms unless they have equal size.

Here are the specifics on the unit:Large Hangar For Sale $197,500 Hangar Size: 4,125 SF (55' x 75'), Construction: Steel hangar fully insulated with efficient natural gas heat.Lot Size: 0.19 Acre (8,125 SF) of leased landZoning: AIRPORT-L, M1-L,OSPR-L, PF-L23 years remaining on land lease.Hangar has an office, shower, gas heatSingle lift hydraulic 53' x 18' door200 amp service

On small to medium-sized renovations, I collaborate with Amex using their Business Blueprint.