Ethical ConsiderationsYour concern about ethics is valid and shows you’re approaching this with integrity.

Building a solid team is another crucial factor.

While less than 10% of the mortgage industry offers 40-year mortgages, here's something to factor in: they often come in with a rate increase of 20-35 bps.Assume 35 bps.$300k mortgage at 7.25% (30-year): $2,046$300k mortgage at 7.6% (40-year): $1,996Technically, it lowers the monthly, but not by much once factoring in the rate adjustment.

This includes flooring, painting, bathroom upgrades new light fixtures, usually there’s about $800 in electrical costs factored in here and all new cabinet hardware.

There are many factors, as with any real estate market:(1) Location. 

@Abdul HafeezRates and LTV depend on many factors. 

So, this is the second thread in which you've attacked my ability to do math and my integrity.  

I own a small multifamily commercial in Albuquerque and can confirm the diversity of the economic and cultural factors that you mentioned. 

Speed of building a portfolio (Cash-on-Cash return is a factor here)?

I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.