IMO this is no way to make a living, but if chasing rents and ignoring tenants is the strategy, then you can definitely hit your 1%+ rule here in San Antonio.For my money we've been looking at small multi-family properties in mid to large size midwestern cities. 

The first number is the percentage of an acre. .08 $11,500.32 $18,400.16 $17, 078.18 $22,608.19 $26,032I get it that the size of the lot is only one of several factors in determining the property’s value.

This can easily result in a situation where some states never collect tax revenue and other states collect more than they deserve due to mis-allocation of passive losses.For NC, it doesn't appear that the state tax code addresses this situation."17 NCAC 06B .3904 TAXABLE INCOME OF NONRESIDENTS AND PART-YEAR RESIDENTS(a) Nonresidents and part-year residents shall prorate their adjusted gross income, adjusted as required under G.S.105-153.5 and G.S. 105-153.6, to determine the portion that is subject to North Carolina tax.""

Portions of the Catskills & Adirondacks are good locations, as well as Saratoga (if you can find an affordable property).

@Christina Hernandez If I were in this position I would consider leveraging a portion of the equity to buy another property.

I use $/unit per year for each, and the actual amount will vary depending on age and condition of the property, the location, and the size of the property and the units.  

Credit Unions can be great but you're at the mercy of their individual guidlelines and old school Underwriting "gut checks".We(Lower.com), offer HELOCs on investment properties and 2nd homes, we go off of the "Agency Definition" of a 2nd home which is "occupied for some portion of the year".

Usually, the intention is to meet your living costs or even turn a profit by renting out a portion of the home.Depending on your unique financial goals and circumstances, a certain amount of your monthly mortgage payment should be covered.

I would also review this with the tenant so you are not getting her portion (if any) late in the future.

Also, it seems like you're intentional about the size of unit you are using for your MTRs.