Versus conventional on a 2 unit is around 15% minimum down.

If you're comparing it to, say, New York, then Connecticut is landlord friendly.As a property manager here in CT, when I look around, there are two things that make CT better than MA, one being the Lead laws that Mass has, the second being the grace period that Massachusetts requires versus CT’s 10-day grace period on rent payments.

You're looking at 10% - 13% for the smaller properties versus 3% or less for the larger propertiesb) You use up a lot of funds very quickly - the same amount of money we used to buy a 6 unit could be put towards buying 100+ units (and still have very lucrative returns)2) If you're going to hire a paid mentor, here's what's most important in my opinion (We spent $80K in mentors BEFORE we found the right one that actually helped us get our first deal across the finish line - and soon to be 2nd deal that's 200+ units)a) They need to be willing to partner with you on the deal - if they agree with the underwriting, ideally in any state of your choosing. 

As in you are directly digging through the housing inventory looking for them versus buying some list.

I have a property on 3.5 acres we acquired originally to flip. It has a pole barn, small stable with a small den above it (not liveable). The house needs a lot of work inside and out. We purchased as an estate sale fo...

More middle class and less rich versus poor.This seems to lead to a higher percentage of cheap properties being in C class neighborhoods.Smaller towns also tend to have a lower cost of living, lower average incomes, and thus lower house prices.Smaller towns also have less eyes on them, thus less demand.But, if the small town is growing, it’s been discovered.

Subscribing to this thread, but also wanted to add the <10% occupancy versus time it is rented rule if you want to write off the mortgage interest as a personal secondary residence rather than rental business expense.  

For example, I've heard wind associated costs on roof are important to factor in when looking at how old a roof is in Tulsa versus say in Arizona.3.

Lenders may calculate our DTI using monthly student loan payments versus overall debt amount.

It helps me be excited about my first deal, versus stressed out!