If you have 2 turns per week on say a 4 bedroom cabin, you're probably paying $250/turn so $500/week or ~$2k/monthOpEx includes utilities, wifi, maintenance, Capex issues, household supplies, etc.

@Adam BakerI'm not sure I'd want to wander near St James these days either ... though we lived near Polo Park, but that was a long, long time ago.It is possible to hold multiple mortgages - but it is all dependent on your household income and your available funds for a down payment.Rather than two houses, another option would be a {side-by-side} duplex.

Here's my plan and the match.Goal: retire at age 55 with a target monthly income of $8k per monthObjective: Continue contributing in my employer's 401k (which I started 26 years) and start diversifying in real estate investment by purchasing up to two apartment complex in the 21 units rangePlan:1) Build a good team to help me find and purchase a good first complex - Done (found a fabulous 34 units recently renovated at a below average price in Texas)2) Make an offer with a 25% down pay where the seller would finance 10% over a 2 year period - in progress3) Get financing using a conventional bank loan of 75%, my first 401k withdrawal of 10% and seller note of 15% paid over 2 years4) Start benefiting from the new asset in May at an estimate ROI of 18% and cash flow of $8k per month first month  5) define a plan with the new property manager with good incentive ($3k bonus per year) for them to reach and sustain an occupancy rate of 92%, than control progress with regular phone calls 6) Keep the asset(s) for 10 yearsand here are the numbers:- My tax bracket is 33% (up to $413k of household income)- Withdraw from 401k over next 2 years to not exceed the $413k limit- Keeping my investment in 401k over next 5 years will result in 8% return (based on history I have for the past 25 years)- Taking half of my 401k and invest in a good apartment complex will easily generate 20% over 5 years (no brainer even if I have to pay the penalty)- Once I retire at 55, I will achieve my $8k goal monthly cash without having to use any 401k contributionThis is a good plan for us and allows me to use my hard earned money right now and benefits like so many others in real estates investment (plus having fun controlling my own money instead of letting ML)

We're still working on it in this household and some significant progress has been made.

You might also consider demographic aspects like population growth rate, median household income, poverty percentage, and crime rate.If you are buying from tapes, the fact is that you will find notes concentrated in certain areas, so tape analysis becomes the starting point. 

Or they could hire a moving company to pack up the household belongings and move them to a storage unit.8.

From there, use US Census data to weed out areas with high levels of poverty & low median household income.If it is urban, you want to focus mainly on safety & access to amenities like parks, restaurants and public transportation.I wouldn't choose where you want to live based solely off what is the best investment opportunity.

Account Closedthe 3x rule is combined household income.rule of thumb, not law.lower rent should require a higher multiple ($300/mo rent x5 = 1500/mo is barely qualifying while a 2000/mo rent x2 = 4000 income is plenty to spare)

Household size is a key factor.

But if you want to prove residency relatively easily, internet is a good bet.Many people have hotspots, however statistics show most households within certain demographics have hard wired internet.You only need to prove residency if audited, but you should have a conversation about it with your CPA so that you're not scrambling to fine documents five years later.