I wanted a place for my wife and I to live comfortably yet still be a good long term investment.

That's icing on the cake of my initial analysis, which I am doing to make sure I feel comfortable with the expected returns compared to my brokerage account approach. 

That opens up a can of worms with fair housing laws, but also gives me a chance to make sure everyone gets along and POTENTIALLY convince prospective tenants they wouldn't be comfortable so they chose not to pursue an application.My other way of preventing tensions between renters is to target my advertising.

We'd all love a break down of your cash flow and expense estimates if you're comfortable sharing. 

@Ryan H StenbergAre you comfortable working with your CPA remotely?

What is your comfort level with control over your property?

Yes, we'd both prefer a SFR, but the allure of being financially independent by sacrificing for a couple years outweighed our desire for short term comfort...

If you are comfortable with fixing up and enjoy it, you will learn invaluable lessons going that route and may be able to build in significant equity out of the gate by not being one of those picky buyers yourself.

But, I also am of the opinion that if there is a strong rental market, and the company feels comfortable tailoring a rent guarantee based on the company’s tracked performance in the past, it can help the investor sleep at night.

This property has potential for a dining hall/common area.Thanks