Screening tenants well and then a security deposit or credit card hold process in place will limit liability.

It is a 6 bedroom and while I see a couple of sales in that 1.6 to 1.8 for 5 or 6 bedroom in that size, that seems to be few and far between.  

They said they have a solid list of criteria to screen tenants, but they placed a tenant who stopped paying last July.

This question is definitely very location dependent - licensing across state-lines is a tricky thing to navigate so depending on the size of the lender they may operate in one metropolis or all over the country.

@Alec JacobsI would use platforms like Zillow Rental Manager or Avail for rental management, for listings and tenant screening, and tools like Cozy or Buildium for rent collection.

Midnight drunken brawls happen, but are more infrequent then you might guess depending on your screening. 

If my husband and I were to start over again we would buy higher quality assets and not be focused on immediate cash flow and unit count like we were when we started this after exiting a fairly decent sized small business.

Here are the common exceptions:Relocation for Work: If your job requires you to move a significant distance from your current property (usually over 50 miles), you may qualify for a second FHA loan near your new workplace.Increase in Family Size: If your household has grown, and your current property no longer meets your family’s needs, you may qualify for a second FHA loan to purchase a larger home.Co-Borrower Separation: If you co-signed on an FHA loan and are no longer living in the property (e.g., after a divorce or separation), you may qualify for a second FHA loan for your primary residence.Non-Occupying Co-Borrower: If you were a co-signer but did not occupy the original property, you may qualify for another FHA loan as the primary borrower.Important Note: FHA guidelines typically require you to demonstrate that the current property will not meet your needs or is no longer feasible as your primary residence.2.

The ideal home price for you will depend on: 1) downpayment size 2) risk appetite, 3) preference for more cash flow or appreciation.Given our price points, our investors need to have 35-45K to start, on average.The typical cash-on-cash return on our properties net of loan payments, insurance, taxes, and property management fees is 6-8%.Ultimately, you can obtain financing from any lender, although we have partner lenders that can provide very competitive rates.

I'd like to know where the other really big markets are, because one size doesn't always fit all.