I have heard many different arguments from month-to-month, 6 month, 1 year, etc.The property has a pool/hot tub also that we wouldn't mind allowing access to the tenants, within reason.

It is much harder to lend against non-warrantable condos, which means that there is a much smaller potential buyer pool for them. 

To the point, the first house is currently listed at 399. 5 bedrooms, 2 baths, has pool hot tub and is essentially turn key.

You have little leeway when investing with a smaller pool of capital i.e. each mistake has a disproportionately magnified effect on your portfolio.

Try looking into Medford, might be able to snag a multi unit with positive cash flow..great tenant pool

Best,Sunny

Central banks whether the Fed, the ECB, the BOJ, the PBOC, etc have collectively pooled together their great wisdom and economics savvy and financially engineered a recovery by reflating old bubbles and creating new ones.  

From research I've seen you cut your potential renter pool in half if you don't allow pets. 

I have $400K houses in Southern Utah with pools and 10 years old and I pay $60-70/month with all the bells and whistles.

You need to be careful that you do it correctly in order to not violate any SEC regulations with regards to raising and pooling money.