In northern Illinois if the building is entirely produced off-site, it can be classified as a “permanent trailer”.  

@Kristopher KyzarWhat you are proposing is a good strategy for getting that tax-sheltered retirement savings into a sable asset that can produce consistent income.In order to sponsor a Solo 401(k), you need to be self-employed and have no full time employees.

I'm not actually advocating you lower your rent to 900, but rather trying to illustrate how insane a 10k yearly make ready cost is.Drastically lower your turnover rate, and dramatically reduce your make ready costs and your home will start producing the way it should.

If I can have them produce a company letter that shows reimbursement offer for 12 months, is not that good enough? 

I don't think anyone will be able to produce a complete list or map of "good" and "bad" areas for you.

If simply trying to determine if the an investment property's price is good given the income it'll produce, comparing the Cap Rate (Purchase Price to Income) may help give a more apples to apples comparison to other investors in the area as it doesn't account for how the purchase was funded.That being said, cash-on-cash is a good way to determine if the investment your selecting is the best use of the resources (cash).  

So your value will be determined based on closed sales comps, regardless of the income it produces. 

Now if your main goal and consideration is simply cash flow than analyze both types of properties and see what produces more per month.

To qualify for a non-recourse loan the lender will be looking at the property and the income this property produce, not at your personal income.

That's great for experienced agents who don't need guidance, but for new agents, it's a recipe for disaster.One thing to look for is whether the managing broker is a top producer in whatever office you look at.