@Abel Eskinder since you're out of the country, you'll probably want to give some thought to our copy & paste info below:-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

But the way I see it is that, in general, someone who is new to the business and is looking to break in and grow will have barriers that can likely drive them out of REI.If it were up to me, I would just let the market dictate the rents and it will find equilibrium on its own.

@Edgar PerezGo with a sober house, zone it as a lodging house to circumvent any state regulations that may dictate what you can and can’t do.

@Renee CossRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

The more deals you work through, the more people you talk to,  the more questions you ask, and the more options you can create to meet the seller's needs (also meet your needs as a buyer) will ultimately dictate how many houses you buy per year.

@Minji KimRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which is VERY important for stable rental income and low property maintenance/damage.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

You're asking the wrong questions.Your financial analysis of the opportunity should dictate how much you offer, and nothing else!

The one who owns the house will normally dictate who will report the activity on their return.

In fact there are banks that excel at different types of real estate lending and that should dictate where even your real estate funding finds a home.  

@Hugo Alves - Just to clarify, SEC 8 approves the rent amount and dictates what portion will be paid by HUD and how much the tenant will pay.