So pick as good of a property as you can in the best area you can where the numbers still work.

@Chris Mason  could give you a definitive on this one Lenders can in fact give credit for the extra rent being counted as down payment, and here's the guideline from fanniemae.com direct. 

You’ll find that being an agent is a job for them which is for most but they only see the big fat check in the front end.

Hope to create great connections, learn and help as much as I can in this community. 

Steve I have one of eachMy daughter got a 4 year degree from Davis and is now semi senior management at Intel knocking down some fat checks.My son is a GC and is building 3 homes for me right now.. but he cut his teeth doing small rehabs for us.. then trained himself to be one heck of a finish carpenter to now he can build them as the GC from ground up. 

I just think of that old idiom: pigs get fat, hogs get slaughtered. 

Thanks Jon, I actually fat fingered that 10% down so there's a correction I need to make. 

I currently have an income property in Indiana, and looking to purchase in the Gulf Shores, AL area, where we live, in about a year.I’m here to learn everything I can in the mean time.

I would recommend just buying up as much of the area as you can in the next 3-5 years.

But that's also what makes it such a fat target for a claim of basis shifting.