Most new development is well over this mark and, since there aren't likely to be many more complexes built that offer decent living conditions for lower-end rents, there is probably some room to raise Class B/C leases in the coming years as more people move into Louisville.And, if things do decline, the "luxury" crowd is going to be looking for cheaper digs. 

If one tenant had been evicted recently, I'd probably decline the application.

There are way to many PM's not getting properties rented and they are staying vacant, there is also way to many rentals being rented less than market rent to get a "quick tenant" causing investors to lose money, you will also need that PM to be completely productive and quick to the applicants and also not trying to incentivize off of your property needing repairs.

By providing this a quality product with managed expectations and professional management oversite, this property continues to cash flow well and consistently.

WikipediaSignificant and sustained population growth: Never invest in any location with a static or declining population.

@Shane BoyleFHA is a great product for a low down payment, but costly over time due to the mortgage insurance staying on for the life of the loan, with the low down payment.

Depending on creditworthiness rates and fees are pretty in line with other loan products. 

When I was looking about 8 years ago RBC had a couple of products available. 

The seasoning requirements, LTVs, and drivers of the difference in purchase/appraisal values will be effected by the loan product.

I believe good solid nutrition will only enhance your productivity and enjoyment of your accomplishments.