Our vision is to build a modest portfolio of long-term rentals (3-4, depending on our success!)

Adrien Schebott - I think where you invest is determined by your vision for what type of returns and/or investments you are after.

A lot of people get tunnel vision and think it's the only path forward.

Although I’m only 4 years out I’ve never had the vision of being a dentist rest of my life.

Martin - he drove both when he visited Lima last week :)Frugality, sacrifice, and unimaginably intense commitment to a vision are the cocktail which leads to success.  

I think if you have visions of, say, 10 units and you're agnostic to whether they are $50k houses or $50k apartments, I would go apartments.

:) The nice part about real estate is the inefficiencies of the market because a lot of times the value cannot be seen unless skills knowledge timing and vision meet the road in terms of value add.

If I were you I'd focus my time/energy in finding under priced off market deals in your current market or maybe a peripheral market 1 hour away.

I've done enough research to know that this is how I want to start out.Stay committed to your vision and what you feel comfortable doing - don't worry about what anyone else says.

But I've decided to buy the property because I believed I have the vision, the plan and the team to turn this property around.