They're pricey, and I'm keen to do some comparison shopping.

A cost segregation study was performed on this single family home in Iowa City, Iowa with a depreciable cost basis of $649,900.

It's essential to do your due diligence and perhaps consider investing in more established or upcoming neighborhoods.Property Taxes: New Mexico's property taxes are relatively low in comparison to other states.

One particular property that I looked at was converted from single family with a one bedrom unit on the first floor and two single room apartments on the second floor. 

When you go from a single family to a Duplex, it becomes "comercial" property and according to (Michigan) the local building dept, I had to hire contractors. 

Buy some single family, buy some duplexes, buy some 4plex. 

Are you going to live there also, or do you want to operate a shared housing model in a single-family home with tenants?

LTR Single Family Rental What made you interested in investing in this type of deal?

@Ana Vhan there are many commercial options where you can add multiple locations/multiple states onto a single policy.  

That's probably sound advice for single family rentals or flips.