There would have to be some major reason (e.g. the unit is twice as big, it is in a better school district for your child, etc.).My recommendation would be to stick with conventional investment loans, 25% down, 30 yr fixed.

I'm being conservative by assuming minimal depreciation (1-2%) in a neighborhood that is desirable today in a great school district that is walkable to shopping center with a supermarket, restaurants.Current income dictates that an appropriate out of pocket cost for next house should less than $3K per month.Possible solutions:Take out second mortgage/HELOC to get the $100K I need to buy the next house?

I just saw an 1846 built victorian that was "codexed" into two separate units, on a 12,000 sqft lot which used to have a barn structure, and the agent suggested the best value for the property is a flip with the addition of resurrecting that structure (with approvals - this is a historic district) and turn it into two more condos in the back of the lot.

I like the NW because we have a booming business district that is taking off along the 151 and I-10 corridors.

The Health District in my view is bounded by:I-95 to the EastDolphin Expressway to the SouthNW 14th Ave to the WestNW 20th St to the NorthProperties within these boundaries are limited/rare, so while the above is the 'actual area' I also mean the surrounding neighborhoods and streets.The area doesn't have the best reputation in terms of safety (Though there are definitely rougher areas in the city), but it does seem like it a solid rental market - with plenty of jobs nearby.It is also fairly close (Depending on traffic) to Wynwood, Downtown, and Little Havana/stadium(s) and the airport.  

never had to do that. they don't pay rent.they stated that the North well school districts won't let the kids go to school unless that happens.

That was a new term to me - Levee Improvement District.  

Currently, I invest in SFs and location is very important for any prospective properties - 1) because it may attract a certain tenant (ie. great school district, or close to a college campus) and may also help me avoid certain tenants that might be troublesome and 2) future resale/appreciation.I am interested in pursuing MFs, and I find some really great cash flowing properties in my city (and out of state), but they are located on the edge of what might be considered less desirable part(s) of town.  

You also might be able to get a family looking to get in to a better school district (if your area suits that).

It is also near downtown, and conveniently located within a short drive to other business districts, so we get some inquiries from professionals.