Other most common factor: Family Size increases due to marriage or having a child. 

Bad part about low money programs people don't talk about, before 2022 this would not be a factor

Like everything else... if the numbers work and all the other factors at play are good in your opinion.... go for it! 

But I've hit the annoyance factor most reach in their 50s when owning rental properties about 20 years sooner.I am at work coordinating inspections and post inspection, was the appraisal done and could you email it to me, this lender gave me a 3.25% rate while you locked me at 4.0% LOL all of this and I haven't even started receiving a dime of cash flow.Illiquidity is the best feature of passive real estate investing, the 2nd feature being diversification (among asset types, exit strategies, sub-strategies, geography, risk, sponsors, etc.) you cannot do this if you are actively managing rentals.When you are 65-75 years old planning your estate, do you want to leave your heirs (who probably don't know or don't want to know anything about real estate) a bunch of physical houses, tenants, property managers, mortgages, online logins, LLCs, etc.

One of the major driving factors for increased premiums is the carrier's requirement for higher replacement cost limits on file for buildings. 

A replacement cost should factor in depreciation.Airbnb knows exactly what they are doing when the scam hosts by not paying 100% for repair costs. 

There are a number of factors for why a property could be on the market a while.

As I plan to purchase a property within one month, I hope to not just work with one agent, so that I can expose as many deals as possible.

The ideal location for your first investment often depends on a combination of factors like budget, market growth, and your personal goals.

As others have said, the location is a big factor in MTRs, but so is the clientele you are going after.