Are you basing this solely on what you can afford, or what you intend to make on it, or your target sale price? 

I see the base interest rate for federal lending is 4.25%–4.50%.

I recommend selecting an investment city based on the following criteria.Key Criteria for Choosing an Investment CityRents Must Outpace InflationFinancial freedom depends on rental income growing faster than inflation.

The price paid is well below what we should have paid based on number of lots/homes/ that can be built.

Self storage based on aself service model can be done while your golfing, out fishing, ortraveling.

Search for Tacoma-based members on BiggerPockets and filter by those with wholesaling experience.

These loans are short-term, asset-based, and designed for situations like yours.

Or when syndication is struggling like it is move into the training business.there is huge money leveraging your on line popularity where folks will have an irrational opinion of someones bona fides based on SM media presence etc.

Pick a lane based on your strengths and long-term goals.

To improve your approval chances, use rental income from your first property, consider co-signers, and explore lenders that use Income-Based Repayment (IBR) for student loans.