While you certainly need the cash flow to cover expenses solidly, sacrificing a little to buy in an area with higher values may end up being a better long term play... likely to have less turnover, higher tenant demand, better appreciation from owner occupants driving prices up, etc.All the best!

I'd have to sacrifice my cash flow or cheat my operating expenses, or both, in order to make 1% work.

They use more expensive subs because they don't have to manage the project. 

Houses are expensive to keep up.b.  

(Just giving an example of MF in a rural idea setting, not all programs require all tenants to work on a farm).

They may cost more upfront, and require more work, but you'll see higher returns long term.

They are really changing the shape of the city and it may become incredibly expensive to buy out there soon due to lack of housing.

Additionally, we have developed templates for tracking key metrics that we require our PMs to fill out weekly. 

Trust documents are not required to be publicly recorded, ensuring that details about the trust remain private.2.

You will have to verify those yourselves to ensure you end up with correct operating expenses.Quote from @Andrew Newcomb: Just following up on this in case anyone is still following:I learned about "cap rate" and "cash on cash" metrics in the BP learning articles and watched a couple vids on the BP rental calculator showing how it calcs those metrics for a prop (you have to add the details like loan info, expenses, etc). very cool tool.