Just keep in mind that condos still have HOA rules and fees, which can sometimes limit rental options or add extra costs.

As you know bedrooms are worth more to appraisers than an extra living room.

Find you an agent with a team behind him of solid general contractors, lenders, and property managers as well as other necessary contacts that will make navigating the best neighborhoods for solid rentals that will help you achieve what your looking for (Under $180K for SFH and/or a duplex, cashflow, and $1500 - $2000 in monthly rent) Here is one extra bonus to add into the mix for your criteria..

However, it can come with extra costs for setup, maintenance, and potentially higher interest rates on loans.

The truth is no one is going to be able to predict the next ten years in real estate or the stock market.

@Mike Sfera, a few things about putting EXTRA money down on a property:1.

This way it’s no up front out of pocket expense for me and they then have the extra money to spend as they need it.

I have never heard of any NAR agreement for agents to be involved with notes, that is far from the truth.

I would only do it if you need the extra $3k cash flow this year less the cost of doing the segregation.  

Quote from @Trent Reeve: Quote from @Bruce Woodruff: Quote from @Issa Joseph: I DIDNT GET IT LOL for now my business plan doesn't support this purchase but an extra 10k per unit per year profit is significant growth in revenue But ask yourself - how much of this $10k increase (remember alleged) could you gain yourself by doing research and asking questions on this forum.......?