The demand is high due to location and elevated rental rates in the area. 

We don't sell you the home as they do, rather build it out at cost +fee for you, allowing investors to enjoy the upside in price.

I understand why you want it @Kiefer Cheney, it automates rent collection AND late fees if needed.

Market rate right now is $1200/mo and with renovations (quoted 60-75k in labor) it's hard to say because there aren't much data points, but I think I could fetch $1500-1600/mo.

Hey Cameron, You're missing the $360 / month  per unit in HOA fees from your analysis.

Right near the cool old downtown area and good schools and A rated area.

.$2 mm house or not you will have headaches with carts regardless and in our experience it's just not worth the hassle.my recommendation is work a deal with a local place you can refer them to and get a small referral fee from.

There are people that will knock on the door of the address of the owner for fee.

I pay them a referral fee (up to $500 per property)2.

Conventional financing will offer the most competitive rates but can be more income restrictive and can be unscalable as investor portfolio expand.