LTRs with long term conventional financing and standard management aren't really cash flowing anywhere right now. sure, there are lower cost markets that look better on paper, but there are costs associated with those supposedly cheap markets as well - deferred maintenance, more challenging tenant base, higher cost turnovers as a percentage of the rent.2. i wouldn't pick a random market thousands of miles away based solely on statistics or numbers. 

So reality is this will be a very long road of many years. 

.: In a prior post from about 2 months ago, Kerry Malarkey and Nathan Gesner mentioned a small landlord is exempt from FHA requirements requiring the acceptance of emotional support & assistance animals if one of the following is true:"Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at once" (Quote from Nathan's reply))https://www.biggerpockets.com/forums/52/topics/1219359-pitbu...Given this, if a landlord does qualify for the exemption, what exactly does this mean? 

Year 3 and Long-Term ROI: $3,102 Principal Paydown year 3 (this will keep increasing each year as you pay off your mortgage $21,600 Property Appreciation (assuming 8% per year) $2,568 Yearly Cash Flow (this will increase as rents rise)Total Gain Year3: $ $27,270 giving you 113.55% ROI on your $ $24,015 left in the deal.

While I don’t own investments there, I’ve explored the market and see potential for some long-term growth.

I don't use Michael, but if I didn't have the CPA am using(long story), he would be the guy.

I believe this tough-on-crime approach will make Albuquerque safer and a better place to do business in the near and long-term future. 

There's no wrong way, as long as it makes sense for YOU.

Why do you think purchase contracts are so long and have such small print?

We would rather buy in a higher class and have less cash flow/come out even and focus on appreciation and long term.