For example I see properties for sale for $80k that would have a small cash flow after some rehabbing and refinancing/pulling cash out, but if financing these would be difficult, then I need to look at properties over $100k.

As for SW markets, ABQ is the "affordable" option as SoCal, AZ, and CO have become over valued making it difficult to find decent deals. 

I do wanna do business with them but I agree with the earlier post about they don't really account for vacancies and capex so it makes it difficult to cash flow and that's why I haven't pulled a trigger with them.One other thing is I'm seeing the area has a pretty high property tax that's making it even harder to make sense of a deal.

This is why I also think best investment location is where they are going to settle , and also where I am going to retire , both can be executed when we are 30 and it is not that difficult ….It is no longer about cash flow and/or appreciation…If kid wanna settle in Arizona then buy in Arizona etc etc , the target of investment should follow our own future trajectory rather than financial needs alone.

Also, at times your leases might contain language allowing you assign the lease to others (an assignee).Probably just easier to repaper the lease... but it opens up the lease to new or re-negotiated terms should your tenant want to be difficult.

Even though a good, solid property management company is sometimes difficult to find, in multifamily, specifically. 

I am seeing about 20k per an acre is average in the area but am finding it is more difficult to find unrestricted land with utilities set up that are still under/around 300k.

I will state that some mid-interpretations are difficult to overcome.  

But much like the relationships of the people living in a house hold this is very difficult to enforce across the board but the law is technically the law. 

with that said, though - it's much more difficult to build up significant passive income from nothing but traditional long term rentals, especially with rates and prices so high, than advertised.so - should you get started?