@Sam Elliott - I prefer multifamily.

Welcome to BP @Marlana Elliott! 

Current Criteria (Treating First Home / Primary Residence as an Investment Property):SFH / Town Home; Beds: 2-4; Baths: 2-3; Sq/Ft: 1000min; Price: $200-250,000; Class B min; Aiming for 1% Rule; Understandably, a lot of my expense criteria will be dependent on the the price of the home and rent rate (Cap Ex: ~8-10%, Repairs:~ 5%; HOA Fees: <$150; Vacancy: ~6-8%, etc.)Currently In Howard County I'm looking at Elliott City, Eldridge, and Columbia through your typical online sites (Realtor.com, Zillow, Redfin, etc.)

@Elliott Hallum is an investor himself and also great realtor. 

Hi @Elliott D.,  There is a little grey are in your questions that suggest the lender could possibly get involved but it's very unlikely.  

@Cody Elliott thank you so much!

@Cody Elliott Thanks so much for all the info!

For example, former New York State Governor Elliott Spitzer was turned in by his bank for dealing with a shell corporation that didn't seem to have any legitimate commercial purpose (it wasn't selling a product or service).

:Originally posted by @Elliott Elkhoury:@Jack B. would you rent it to her at a price where you're breaking even after expenses?

@London Elliott Simple, they pay the loan off from the proceeds of the sale.