A portion of rent goes to the purchase price which is on the top end of market value. 

I recommend you discuss and plan this in depth with a local lender who knows your market well. 

Its also a great way to increase values in a market since newer homes sales offer higher sale prices.

The stock market has been on a tear.  

So, the extra unit may cost you more then it brings if you cannot access equity or if the market discounts the property when you go to sell due to financing available.

You need the backup option in case the mid-term rental market changes.Minimizing turn costs and downtime is critical.

And this is so market specific..  

You’ve already got a solid foundation—understanding market trends, deal structuring, and negotiations will give you a great head start.I would recommend focusing on learning one niche at a time.

If so, I would appreciate hearing your thoughts and experiences regarding the local market, investment opportunities, and overall outlook for the area

In this area, market values hit around $4.95 million, giving you a solid 131% ROI.