They're affordable enough to allow good cash flow, while also attracting decent tenant quality.

If you’re using all cash you can afford to make mistakes with underwriting, or during renovations.

The city offers more affordability compared to the DMV area, with many renovated homes selling below 350k giving you a better chance at finding a property that fits your budget while avoiding sky-high prices.

Quote from @Lorraine Hadden: I have client who are try to wait for interest rates to come down rather than buying what they can afford for the best rate and hold.

These markets offer a great mix of affordability, strong rental demand, and steady appreciation.

Assuming you have 5 units, each worth 300K, and you could afford the loss of one, but not all.

Voucher holders are wildely more risky than tenants who can afford to rent high end properties.

You could live in one unit and rent out the others to offset your mortgage, staying within your $4,500/month affordability limit.

Work with someone who can guide you or just accept that your tuition will be paid through making some costly mistakes which is also legit if you can afford that :-) Good luck!

If they cannot afford it then talk to the bank about a short sale or let it go to foreclosure.