One of the things I'm trying to figure out is if I'm better off getting a few lower cost properties or on higher priced property. 

My goal was to just take his month late payments and give him a non-renewal when his lease is up.

If not, an FHA loan (3.5% down, up to 4 units) is your next best option.

FYI, most of my CFO clients borrow from HMLs that will lend up to 100% of their rehab costs. 

Many will provided exaggerated numbers or omit information up front. 

I imagine cost of labor might be a little bit cheaper in Idaho compared to Connecticut as we ended up paying 10k for gas furnace and 5k for AC with 10 yr warranty for Lennox product.  

So many hosts waste their prime real estate with Airbnb (the listing title) on generic adjectives and throwaway opinions. If you want more clicks, get straight to the features that matter most to your guests. That mea...

Those that use PM's have pointed out that there is a cost factor of also having to manage your PM as well - following up behind them, making sure they are doing what they are supposed to be doing, etc.Hope it helps!

Would it generally be a location that tends to have a higher cost of living? 

A local bank will give up to 100% LTV HELOCS (up to $400k).