That price range is what I am currently pre-approved for.

If you have family here they can also keep an eye on your investments.That said,  50K does not buy much unless your are going to do your own repairs.   100k range is better home and location. 

Thanks for your suggestions.I have also been looking around Monument Ave. and there are few properties within $150k to $165k range.

In terms of underwriting, often water and Gas will be paid by the owners, while in most situations there are separate electric meters. 

However when the plumber was their he tried to isolate the water inlet to the condo and it wouldn't stop the water! 

There’s also entitlement risk – the chance that government agencies with jurisdiction over a project won’t issue the required approvals to allow the project to proceed; environmental risks that range from soil contamination to pollution; budget overruns and more, such as political and workforce risks.Location is another idiosyncratic risk factor.

Especially at the lower end of the market with rents in the $400-600 range, a PM is going to lose money at 8%, maybe break even at 10% and their profit is going to come in that 10-15% range.

@Boris Peyzner This is right, your score has to be in 720 range for 7-10 finance property.

Also if you buying an older home unless absolutely sure you have a new waste line.first thing out of the block is a sewer scope.. much better to deal with that before tenants move in.sewer may work when inspector flushs toiled once or twice and runs the water for a minute but when house is put into full service and you get a back up.. you now have an emergency plumbing issue that will be 2 to 3X as expensive if you just put a new one in while under rehab.. plus it will last the life of the investment.. the number one issue with rentals is plumbing.. so take care of if prophilacticaly

I would like to attend one in the 2-4 day range.