Quote from @Brendan Jones: For the homes, and or properties that you will use as a primary or a rental property one big thing I look for is infrastructure in the area, extrinsic value (I.e. hospitals in the area, schools, and job market), and the last thing is creature comforts for people (I.e. is a store to get groceries 1 hour away or 2 minutes away).

I would focus on systemizing property management as much as possible so adding more units becomes easier over time.If your goal is to buy one property a year, then stick to your pace.

It sounds like you are trying to buy a second property with less of a downpayment than 20 percent.

What goals do you hope to achieve through this property?

@Matt Wanyes but... is that actually your biggest concern? 

Another alternative would be to buy the property yourself, keep the mortgage in your name but have your daughter on the title.

I'd actually like to hear your methodology on buying.

Hey Bharath, I actually very much agree with Maranda.

I agree that 1-4 unit properties are a different ballgame, but within my portfolio, I have a 4-unit property insured for $715K—the same amount as one of my single-family rentals.

in cash flow would cut it for me. i'd want enough to cover the mtg, but also R&M and a little for vacancy. if i can't do that plus have a little actual "cash flow" left over.... i'm still here :) if that's any indication.