Wow, that's some rapid growth.  

What you're talking about doing is starting out fully levered, then rapidly unlevering yourself by paying so much down in equity at the expense of your cash flow.Think of it this way, if you do a 30 year vs a 15, you'll have that much more monthly cash flow to use as a contingency for if you have a bad few months.

I've been using the rental calc, and after all expenses and costs (including CapX, prop management fee, and a purchase price between $65K-$75K and an average rent of $1275 for a 2bd 2bth...each property cashflows around $75/mo with 4%-10% COC ROI.Im in my early 30's, so I am planning on reinvesting every cent of cash flow to grow rapidly over the next 10 years.  

Is the market appreciating rapidly there?

It a rapidly transitioning area within the "path of progress" with way more upside at that price point.

Temecula is growing rapidly, and being situated between SD and OC will continue to fuel strong appreciation.

It is in the Midtown Area of Grand Rapids.

Keywords: Grand Rapids Michigan

What real estate form is best used for this in Grand Rapids?  

I have decided that I want to buy owner-occupied housing in the Cedar Rapids area.