That doesn't even address the issue of market appreciation of the properties in question, or the expected turnover rates for each, or a host of other issues.You'll have to do an analytical review of the pros and cons based on your values in addition to the items which you can actually quantify, and then base your decision on that.Good Luck!

Hey @Shawn Smith @Brandon TurnerThe BRRRR method is IRA friendly but only for the benefit of the IRA and only with your indirect involvement (decision making only).

You're saving money and you're not in a hurry, meaning you can make good decisions without outside pressures. 

That's too big of a range for me to make a decision. 

And I was extremely upset when the city allowed a neighbor next door to one of my units to have a home bakery, so you also should think about the disruption to the neighborhood with clients coming and going before making any decision.

With the description of your proximity this will affect demand significantly.He also stated proximity to campus isn't a key decision factor for students anymore.  

It is a personal decision.  

Although W-2 salaries are considered, it's not the only thing banks use to make decisions.

In regards to reserves, define a lender as for a term sheet and ask for all the details, then you can make a better decision, most lenders that resell their loans may have specific guidelines from their investors in regards to reserves etc.  

"bad" debt), and use it as the basis for all your financial decisions in your investment/debt management strategy, you should be able to position yourself to make the right decision most of the time.