The price is low at 900k.

She has been renting it for a super low friend rate from me.

Kansas City is a great place to look due to its low-cost housing but thriving market, just as @Mike D'Arrigo mentioned above.

But 8% seems like a fairly low rate of return for what you will be doing.

In the long run over however many units, they say it's easier and works out better than a low deposit.

I think the key take away here is that the Cap Rate is way to low for the level of risk even though the tenant is locked into a LT lease. 

This option provides 1) a low entry point into an expensive market due to the VA loan 2) A SFR feel for you and your family ideally with a yard 3) Small multiplex are the best cash flow options currently in San Diego (SFR are real hard to find cash flow). 

The first purchase you can do with a low down payment of 3.5% through FHA.

The problem with aluminum wire is when it heats up the wire expands and contracts so over time it works its way free and touches something to start a fire.

I have a contract for purchase of investment property in PA and need help finding financing, its a good deal but everyone tells me the loan amount is too low...HELP