It will be a run down apartment building before long.

Then, once you incorporate an entity structure, that will play a part as well.Hope that helps!

A few cities I am interested in are Houston, Scottsdale, San Diego.

So you are suggesting like me tryin to by a single family residence or a apartment unit and live in one of the units and rent the rest out as a house hacking strategy?  

Fair enough, I have partial ownership of a commercial (apartment) building in the Bay Area and I would estimate it as a Class A- to maybe Class B - great location, great tenants, nice amenities (not high end like gym, new pool, community room with big screen TVs, etc), high rents, but building is older (built in 1950s).One investor I saw post that they look at where Starbucks and Costcos are opening and possibly factor that into looking at different markets.

Trying to get myself out there but I know this is a really special community to be a part of.

We are excited to be a part of your investing journey to help you reach your goals. 

You are particularly interested in short-term and long-term rentals, promising ROI, and locations with a mix of affordability and growth opportunities.Being willing to move and live in a part of a 1-4 unit property will help you get better financing, for sure, and require less down.

All we know is 1/1 apartments in Sacramento.

From SFH BRRRR, flip, or complex syndication apartment deal they all require effort.