BUT, the positive would be:+ Catagory A neighborhood with stable renters+ Betting on property value will increase over 10+ yr given the neighborhood+ Turnkey rental, leases in place till 2018Would these positives balance out the lower CAP rate?

If I were representing you, I'd strongly advise you against it.At this point, read over the contract closely and see if there is a way out.Failing that, talk with the builder and see if you can work something out.If that doesn't work, try talking with an attorney to see what can be done.If there's no positive result there either, you may be stuck with it for the remainder of the first year. 

It was a blast to be able to have such a positive impact on the homeowner and we look forward to having the same positive impact for the new homeowner that buys this charmer!

Positive Net Cashflow) on a residential house hack the exception verses what my goal should be - to get as close as possible to cash flow neutral and save money on paying for rent.

I know that to buy beyond 4 properties - traditional big bank financing doesn't work easily and often regional/credit/small banks give out loans once you can show them your positive cash flow & appreciation portfolio.Appreciate all insights from amazing folks on this forum, happy RE investing :-)

Additionally, by purchasing in your home area, you may be in the best position to feel most confident in your research. 

(Beats being on your knees and in uncomfortable positions)2.

I want to get into rental properties and start accumulating them quickly.My question is, if you were in my position what would be your first move?

I have spoken to our local zoning official and he is very helpful and a positive source of help and information!

(I'm sticking to a a rough full-time hours estimate for this post but you CAN hire a part-time worker too, of course, as your work increases and the position becomes full-time)Keep in mind that you're providing someone employment and an income that they'll rely on.