For your mortgage, a 30-year loan will give you lower monthly payments, which could be ideal while starting out.

I think over the next few years people will leave markets due to municipality changes.

Click on that result, and it will show you a map of the area you searched for, the average home price, the 1-year change, 1-year forecast, and the market temperature.

Quote from @Benjamin Larabee: Hi all,My wife and I have worked over the last 7 years to build a rental portfolio and are getting to the point where the bookkeeping/data entry tasks are becoming too time consuming.

Renewable every 50 years.2.

But on 100 year old homes in low value neighborhoods capex often exceeds cash flow over time.

If its home that went through a remodel, typically there is not any sort of warranty and you will still experience some work orders come in.Either way, great option for some investors and currently there are still some deals out there that you can walk into equity with, which is typically why you'd want a non-turnkey property. builder warranties are for 1 year typically.. 

I really wish I had seen a detailed review of Foundation Property Management (FPM) or TurnkeyInvest here on BiggerPockets before signing on with them several years ago.

It would take 4 years to save another $100k before I could make another purchase based solely on the cashflow.

Quote from @Matthew Becker: My goal is always cash flow the first year.