There are many problems with the concept which you have not bothered to address. 

This ensures you have a proof of concept to show the commercial appraiser.  

Let me know if you’d like help running specific numbers or refining your negotiation strategy.AI answers can be helpful sometimes, but they miss some really important concepts.

My core investing philosophy is pretty simple, and has done very well across almost two decades and numerous cities:1) Invest in cities with population (and job) growth2) Invest in parts of the city where household income is near the median (or slightly below)3) Invest in properties that provide cash flow from day 1 Thank you for sharing that. 

If so maybe research who financed those deals since they're likely already comfortable with that concept in your market.

Hi Julia,Do you think the concepts from the BiggerPockets book The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing is outdated? 

Median incomes are an insane gap from cost of household/properties.

I'm a Realtor with a couple properties listed in Boise, ID and a neighboring town for my investor/client that are currently rented as co-living or rent-by-the-room and getting killer income. (7.3% - 9.5% Cap rate) So far, every inquiry has been baffled by the concept of co-living or rent-by-the-room and immediately ask if they're being run as a halfway-house (which they are not).

You can surely buy cheaper properties and obtain the same debt pay-down, but now you've got 5x the head-ache, so right asset class is more about efficiency when it comes to debt pay-down.Tax shielding is similar concept in that more expensive properties directionally give you more building basis to depreciate, which means less net income to tax.

Median household income can be an indication of the area.It's not feasible to manage D-class remotely or with 3rd party management and make a profit.