1 beds have much higher turnover.The 2 bed in a different area could be in a more desirable area where rent growths,supply and demand,and appreciation is better along with cap rate compression.The same could be said for the 1 bed depending on where it is located.The 2 bed could be under market and you purchase and get 100 per month more per door and the income scenario changes.Some landlords keep under market rents to avoid headaches and turnover repairs and keep them full.They have paid debt service down over the years and dealt with so many headaches getting full market rent they do under market to not have the hassle.When you are slightly under market you can get picky and take the most well qualified tenants.Just like buying a house tenants in good standing want the nicest place they can find for the best price.

The Director could be an individual or an LLC with a contract to manage the business of the non profit. therefore the value of the property acquired by the Non profit does not have to be bought at a discount and the cash low need not show a profit because the director would be paid a salary which would eliminate the profit.Not sure I am getting it but that's my take.

In that structure you could take investors on with equity shares in the company or issue notes and treat them like debt.

The important number is 36% for your personal debt and PITI for home only.

Some like to keep the debt, others prefer to be done with it.

You could always leverage into an apartment building ( 5 units or more ).Value is based on cash flow and cap rates instead of comparable sales approach.Economy of scale is easier.Just depends on long term goals.Right now debt service is cheap.It's easy to take equity out and put it to work for returns above debt service.When prices and interest rates rise that will be harder to do on the purchasing end.

However, high wage earners that can't take passive losses against their regular income can save those unused losses to use against depreciation recapture and capital gains to greatly reduce or eliminate taxes AND step up their basis by avoiding 1031 exchange.

If you were to approach me, I'd tell you to have 30% to put down as well as have 6 months reserves (mortgage and insurance payments) on top of that.Of course, the property must be above board as well, and by that, I mean it needs to debt service the loan, have a stable occupancy level, good tenants, no large deferred maintenance issues, etc.

I self manage, and I factor in this cost when I purchase using the 2%/50% rule anyway, so the only effect it would have would be that I would not be paying down RE debt as quickly as I am now.

For the sake of discussion, let's say I don't eliminate any addresses except corp owned, very highly valued props, and props purchased within the last 2 years.