How desirable is the location? 

I figure I am paying myself via equity by paying down the loan for the down payment, and when that is paid, I can turn it over to a PM if desired for no change in cashflow, or keep self-managing for a much greater return.

I'm looking to expand into more desirable markets, preferably Rogers/Bentonville/Fayettville or Kansas City Metro.

I'm looking to expand into more desirable markets, preferably Rogers/Bentonville/Fayettville or Kansas City Metro.

Also getting more than one of these loans at a time is difficult with few exceptions.Your advice does not make sense to someone who like me already has an FHA loan, is not a veterean, and has no desire to owner occupy.

Low vacancy, below-market rents, very little deferred maintenance, and in a desirable submarket.However, this morning, there was a wrench thrown in.

The North has been the desired area to many investors for a while now, but I am seeing many investors shift focus to the downtown and near East Side areas as point of entry has risen in the North and appreciation has slowed. 

All renters got dirtygrams from landlord when common areas were found in less than desirable condition.   

I do have the time and desire to make this a successful venture for my, and I want to start investing in properties that will cash flow for me. 

In South Korea, for example, if a person(not a certified developer) has a valuable raw land and desires to build apartments without enough money for from building to maintenance, he or she has to meet with designer and architect.