From what I've noticed, once you dip below the 600 dollar range the quality of tenants drops off pretty quick.

I am looking in the $200K range and will be paying cash for the condo.

I didn't know this would qualify as commercial and rates are in the 5.5% range...Thanks!

Yes you can get potentially a better return on the equity if you re-deploy into another investment but we represent several institutional investors and their cap rates are in the 5.5 to 7 range. 

That said, some attorneys advise that a comparative market analysis or a broker's price opinion is sufficient.

The reason is my family business cash flows $700K+ net income/year and only has about 300k worth of debt overall (including a 13 unit apartment complex that is about 50% paid off) so I don't see any problem with getting financing for deals in the 100K-300K range.

Compile sufficient info to prepare offer.

Credit score is 730 range.

Landlord convention and has a broader range of speaker topics.

I have been primarily looking at SFH in 180-220k range.