@Cindy Schneider your tenant is responsible for rent until you can find a suitable tenant to replace him, whether that takes 2 days or 2 months.

Could someone provide guidance on suitable cities or locations for this type of investment?

I ended up creating my own team after not finding a suitably property management company for my investments.

You could meet your required return off the interest and have the cash available in a few years if you're banking on rates being more suitable to buy at that time. 

There is nothing worse than beating your brains out to find a suitable property, working 6 or 8 months with contractors, suppliers, and the city, and not earning anything close to what you should.

IRA proceeds also are only suitable for certain assets such as real property, and are not permitted for investments such as private lending.Disadvantages to funding through a qualified 401(k) plan include a loss of opportunity to benefit from the growth of the account when you withdraw (which is why you want your money to grow while you spend it, which we will get into in a little bit).

Not all homes are suitable.

If your budget is $2k and they mainly work with $10k budgets, theirstrategy (and fees) may not be suitable for your business.6.

I think if you are comfortable with at least 10% down, it’s definitely worth comparing the VA option to a conventional loan option w/ 10% down and you are much more likely to have enough VA eligibility to purchase a suitable property with 10% down than with anything less than 10% down.

The property's suitability as the taxpayer's principal residence materially changes.c.