That's another reason I'm looking to use seller financing as I may be able to have a much lower down payment or even none at all. 

Lenders can choose to require a HIGHER score, but they can't allow a lower score if it'll be backed by Fannie/Freddie.

Cleveland is a hot rental investing market due to the lower price points and higher rent/price ratios. 

A 5-6 cap rental property, even one that is paid off, is about as good, after tax, probably lower risk than continuously doing due diligence on borrower after borrower and deal after deal 1-2X per year in perpetuity. 

I would like to have at least a couple properties before moving out of state that will at minimum break-even on cash flow as a LTR with property management long-distance.Other info:Looking to move out on Memphis with my wife in the next 2-4 yearsLooking to start a family in the next year or soComfortably have ~50k ready to invest sitting in HYSA, excluding Cash reservesHave an extra ~$70k in stocksMost interested in A- to C+ neighborhoodsI currently own & live in a 2/1.5 Condo locally (3.5% interest rate)Not allowed to rent it outHOA fees have risen to where PITI + HOA = $1100/mo.Have ~$100k trapped equity, good zip code I could sell quicklyOption A: Purchase another primary home locally I could live in for 2 years (lower interest rate), with intention of eventually converting it to LTR when I move out of state.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If costs rise (i.e. insurance) then supply will lower and price will rise. 

Renting offers flexibility and lower upfront costs.

You don't have any large expenses coming as up as it newer and if you invested the money else where you'd get a lower return.The big thing is the fact that if you sell in the next few months, you'd save on capital gains.

. - cap rates for multifamily seem to be in that 5-5.5 range currently as far as I can tell, which has come off a bit since the peak on 2022, but are still lower than other asset classes.