This will trigger tax consequences!

So, after the consideration you give to @Jason Wray recommendations, complete any borrowing before you move out.  

Just make sure you have a real investment plan laid out because it doesn't benefit you to pull the trigger just to end up losing money every month or losing the property because the numbers don't work.

Most investors I know that buy considerable land quantities sit on it for 15-25 years and wait till the demand gets there.

Key Challenges and Considerations – What are some common challenges or things to keep in mind when starting in real estate as a side business?

Your 11 year estimate on how long it will take to recover my capital does not take into consideration an average 5% increase of rents per year.

Just haven't pulled the trigger yet on any one course. 

According to planning, only 1 and 1/2 story is permitted in this neighborhood.There are some consideration yet to be taken at this point.

One consideration is your expenses are higher and you do have the cost to furnish, so it's not all sunshine and roses, but if you buy it right you can do really well.

Reviewing their product page it does appear the $25/month is base with the marginal $1/unit pricing after that. https://latchel.com/emergency/So more economical as the portfolio grows, though very curious Your XP once repairs are triggered since most after hours calls would be “surge pricing” for any contractor they bring in. in 15 years I’ve only had a few of the stereotypical “after hours broken toilet” calls, but I know that’s highly variable by location and property class.