The City of Toronto Official Plan of the early 2000’s called for intensification in the downtown core, and along major arteries.

Finally I was up there for a weekend and took some tours w/realtors.I actually found some nice pockets of neighborhoods on the east side, very close to downtown and UW Tacoma, where the #'s worked.

But 20-30 mins to downtown for work. 

However the proximity to downtown Boston can not be beat.

New as in I earned my real estate license last Tuesday (May 3rd) and I signed with Keller Williams in downtown Orlando on Friday (May 6th).

I have 3 student rentals by Fanshawe College, and a fourplex near downtown that sometimes rents to students. 

With the influx of tech coming to Downtown Seattle, there is not going to be an employment down tick for a decade unless M$ and Amazon go belly up.  

Depending on which part of Katy you're located, it can take over an hour each way to commute to downtown Houston & other areas for work.

I think if you structure the file fluidly to anticipate all these areas the underwriter in most cases will sufficiently be able to document the file with just the letter I mentioned above to proceed to docs.The self sufficiency rule above is the hardest because in the past all 4 units had to be greater than the full PITIA (principal/interest/taxes/insurance/assessments) but recently FHA changed this rule to 75% of the rental incomes of all 4 units has to be greater than the PITIA which is a much more restrictive rule basically forcing out properties in markets which  have lower rent to value ratios like most parts of orange county, most of los angeles,  most of seattle, Austin core down town areas, Dallas core areas, and other more expensive areas.

Here is the best thing Ive found so far:Victorian style fourplex close to downtown colorado springs in about 75% renovated neighborhood. $295kRents: 2600Expenses mortgage/insurance/tax: 1625 utilities (water sewer gas) : 250 8% vacancy: 215 5% capex: 130 5% maintenance: 130 total: 2350I would be living in one unit as soon as it opens in December.