Bottom line is buy as big as you can reasonably buy once you are out of small multifamily. 

I've made offers before of "hey, I cant pay you $260k for this property - the most I can pay is $210k given XXX reasons.

Your lender can restrict your access to that credit for a number of reasons.

There are many reasons why I haven't pursued the arbitrage model, but mainly that it takes too long for the ROI after investing all your time and effort into buying furniture and renting and paying utilities.Let's say you rent an apartment for $1500 and you spend $7000 to furnished it.

A reasonableness standard is applied to negligence claims and I would argue a property owner who owns real estate in the Poconos and knows the property is left vacant due to the owners decision to lease the property as a short term rental should know that the pipes are more inclined to freeze and therefore should install heat tracing lines or other measure to ensure the plumbing lines do not freeze.

That's sufficient.

@Deborah Burian - maybe you devised this 'spam messaging ploy' for this reason or maybe you did not, but either way, a pretty remarkable way to get a personalized message from @Mindy Jensen!

It seems you and your husband have the ability to make a property more desirable and I would try to stay local for the same reasons you listed. 

Now i am capped at the rent increases i can provide to encourage them to give notice (one reason it is important to keep rent near market rent) and i no longer have the option to not renew their lease.there is a reason spa very large percentage of economists are anti rent control.

We're fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.