For what you are, I need to see a minimum 20% COC yr 1, based off real #'s not projected #'s.

Looks to me there isn't a lot of room for creativity in SLC based on my understanding of Zoning and Planning. 

You should be assessing market rents and raising them based on what the market is doing.

Was this attorney based in CA? 

Assessing brokers based on their transaction history and success in the market carries more weight than simply focusing on the highest price offered.

And you do control the outcome based on your deal and Market analysis.A. 

I'm curious because I'm interested in pursuing voucher-based strategies.

Don't use overly rozy projections based on self-management and renting it out forever.2) Higher risk - how do you know which tenant caused the damages or brought in the bed bugs?

If you run a lending as business, your interest will convert to ordinary income and could be passive based on your involvement.

I wouldn't say that people in general like one type over another, but rather people in general cohorts (single, married - no kids, married - with kids, etc.) tend to gravitate towards certain types of properties based on their lifestyles.