I have excellent credit (over 800), equity, good rental income, but the amount is too low for the lenders I’ve contacted.

However, it is an excellent area for jobs, growth, appreciation, underserved rental market and not many “bad areas” so great for rentals. 

I have had clients use them for mutliple types of losses and they've done an excellent job for the clients.

This post as a whole is excellent advice, and a question I get a lot.

It's hard to be great at finding good properties, doing good rehabs and providing excellent management.

Both can be excellent investment locations, but the rules are different. 

Not to say it's not possible or even imprudent, but that's WHY spinning up to 17 units is often a less tumultuous path.Back to the opportunity at hand:  If these are new construction homes then they should be low maintenance (but verify that with excellent inspections). 

I think that area is going to be all about who you know and ensuring you have an excellent PM, cleaning company, and system for turning over the property/checking guests in before you buy.

@Greg Dickerson Thanks for your excellent advice.

Currently I track rent and expenses in excel.