Hmm, that is a healthy budget.

If you have a healthy market then your rent should be fine at/a hair below/a hair above market.

I can also update the residential units once they are vacant for a healthy uptick in my rent.

@Jake Snavely paid 9k for the Florence property and 35k in Athens, looking to owner finance them out so not the same strategy, returns are healthy however.

I have two rental properties (SFH/Duplex) with a fairly hight debt to income ratio as result (~40%), but have a solid government job and plenty of investments in financial markets to be considered financially healthy.   

I think it's healthy overall to ensure citizens have a fair chance to enjoy home ownership, the opportunity to invest in and benefit from owning real estate preventing it from being heavily limited to investors.

@Michael Sontheimer-  most  lenders will use your  the  scehdule E  from your  tax returns for the past  2 yrs  to determine the   rental income that is usable for  qualifying for a loan ....so  if you have the ability to make this  schdule as  healthy as possible  - you might  consider this  ....if the  rentals  have been owned for under a year - the lenders  may use 75% of the  lease  amount  

We're in a healthy financial position but with it being our first one, didn't want to dump all of our liquid assets into it.

Quote from @Geoffrey You: @Jack Seiden, our price point is around 600K-700K That’s a pretty healthy price point, could get a pretty nice single family home at that point.

Remember that healthy conflict creates positives outcomes.